Foresight Autonomous (NASDAQ:FRSX) Trading Down 8.3% – What’s Next?

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fell 8.3% during trading on Tuesday . The stock traded as low as $1.51 and last traded at $1.54. 343,246 shares traded hands 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 Trading Down 8.3 %

The stock has a fifty day simple moving average of $0.93 and a two-hundred day simple moving average of $0.85. The firm has a market cap of $16.68 million, a PE ratio of -1.51 and a beta of 1.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Foresight Autonomous stock. Altshuler Shaham Ltd acquired a new position in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous makes up about 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th biggest position. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous at the end of the most recent quarter. Institutional investors and hedge funds own 23.45% of the company’s stock.

About Foresight Autonomous

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.