Foresight Autonomous (NASDAQ:FRSX) Trading Down 8.3% – Here’s What Happened

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fell 8.3% during mid-day trading on Tuesday . The company traded as low as $1.51 and last traded at $1.54. 343,246 shares were traded during mid-day trading, a decline of 34% from the average session volume of 523,101 shares. The stock had previously closed at $1.68.

Foresight Autonomous Stock Performance

The firm’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $0.86. The firm has a market cap of $14.07 million, a P/E ratio of -1.27 and a beta of 1.43.

Institutional Trading of Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th largest holding. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 23.45% of the company’s stock.

Foresight Autonomous Company Profile

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.