Edison Nation (NASDAQ:EDNT) Stock Price Up 5.6%

Edison Nation Inc (NASDAQ:EDNT)’s share price rose 5.6% during mid-day trading on Wednesday . The stock traded as high as $1.97 and last traded at $1.90. Approximately 108,997 shares traded hands during trading, a decline of 72% from the average daily volume of 388,049 shares. The stock had previously closed at $1.80.

The firm has a 50 day simple moving average of $2.77 and a 200-day simple moving average of $2.51. The stock has a market capitalization of $22.26 million, a price-to-earnings ratio of -1.03 and a beta of 0.69.

Edison Nation (NASDAQ:EDNT) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.27) earnings per share (EPS) for the quarter. The business had revenue of $3.67 million during the quarter.

A hedge fund recently bought a new stake in Edison Nation stock. Two Sigma Advisers LP acquired a new stake in shares of Edison Nation Inc (NASDAQ:EDNT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,800 shares of the company’s stock, valued at approximately $60,000. Two Sigma Advisers LP owned approximately 0.19% of Edison Nation at the end of the most recent reporting period. Institutional investors own 4.00% of the company’s stock.

Edison Nation Company Profile (NASDAQ:EDNT)

Edison Nation, Inc operates as a consumer product research and development, manufacturing, sales, and fulfillment company worldwide. The company also creates, manufactures, and markets products for the infants/toddlers under the Cloud b brand name through its e-commerce site and other online e-tailers, as well as specialty boutiques, gift stores, and retailers.

Read More: Leveraged Buyout (LBO) Explained

Receive News & Ratings for Edison Nation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison Nation and related companies with MarketBeat.com's FREE daily email newsletter.