ShiftPixy Inc (NASDAQ:PIXY) was down 11.5% during trading on Friday . The stock traded as low as $0.23 and last traded at $0.23, approximately 736,028 shares changed hands during trading. An increase of 193% from the average daily volume of 251,504 shares. The stock had previously closed at $0.26.
The company has a fifty day moving average price of $0.33 and a 200 day moving average price of $0.46. The company has a market cap of $8.93 million, a PE ratio of -0.40 and a beta of 1.32.
A hedge fund recently raised its stake in ShiftPixy stock. Wedbush Securities Inc. grew its stake in ShiftPixy Inc (NASDAQ:PIXY) by 612.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,650 shares of the company’s stock after buying an additional 79,650 shares during the period. Wedbush Securities Inc. owned approximately 0.27% of ShiftPixy worth $45,000 at the end of the most recent reporting period. 1.94% of the stock is currently owned by institutional investors.
ShiftPixy, Inc provides employment services for businesses; and workers in shift or other part-time/temporary positions in the United States. The company also operates as a payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries.
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