MultiSensor AI (NASDAQ:MSAI) Trading Down 2.6% – Time to Sell?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) shares fell 2.6% during mid-day trading on Monday . The stock traded as low as $1.84 and last traded at $1.90. 9,672 shares traded hands during trading, a decline of 88% from the average session volume of 77,910 shares. The stock had previously closed at $1.95.

MultiSensor AI Stock Performance

The stock has a fifty day moving average price of $2.03 and a 200 day moving average price of $2.03.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). MultiSensor AI had a negative net margin of 398.12% and a negative return on equity of 3,569.83%. The firm had revenue of $1.60 million during the quarter, compared to the consensus estimate of $4.50 million. Analysts expect that MultiSensor AI Holdings, Inc. will post -0.27 earnings per share for the current year.

Institutional Trading of MultiSensor AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Verus Capital Partners LLC acquired a new stake in MultiSensor AI during the third quarter worth about $38,000. E&G Advisors LP bought a new stake in shares of MultiSensor AI during the third quarter valued at approximately $38,000. Murchinson Ltd. acquired a new position in shares of MultiSensor AI in the first quarter valued at $41,000. Sanders Morris Harris LLC lifted its position in MultiSensor AI by 1.9% in the third quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after purchasing an additional 62,892 shares during the period. Finally, Connective Capital Management LLC acquired a new stake in MultiSensor AI during the second quarter worth $137,000. 82.32% of the stock is currently owned by institutional investors and hedge funds.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.