Astrotech Corporation (NASDAQ:ASTC) Stock Traded Much Higher Than Its 50 Day Moving Average

Original Post Source


Company shares are trading at $0.99 significantly higher than $0.75, the 50 day moving average and which is slightly below the 200 day moving average of $1.03. The 50 day moving average went up $0.24 or +31.2500% and the 200 day average went down $-0.04 or -4.1436%. Trading was light with 1,214 shares changing hands in the last trading session. Trading volume was down 97.57% under the stocks average daily volume.

Traders are more bearish on shares of Astrotech Corporation lately as indicated by the rise in short interest. The firm had a rise in short interest of 74.41% between August 15, 2017 and August 31, 2017. Short interest grew 17,530 over that timeframe. Days to cover increased from 0.0 to 1.0 and the percentage of shorted shares is 0.00% as of August 31.


Here are a few substantial investment firms who have updated their positions. As of quarter end Kcg Holdings, Inc. had bought 5,185 shares growing its holdings by 49.3%. The value in dollars decreased from $14,000 to $14,000 a change of 0.0% since the last quarter. Boothbay Fund Management, LLC added to its holdings by buying 67,048 shares an increase of 83.7% from 03/31/2017 to 06/30/2017. Boothbay Fund Management, LLC now holds 147,151 shares worth $134,000. The total value of its holdings increased 27.6%.

As of the end of the quarter Ubs Group Ag had acquired a total of 2,389 shares growing its position 368.1%. The value of the investment in Astrotech Corporation went from $1,000 to $3,000 increasing 200.0% quarter over quarter. Beck Capital Management, LLC divested its investment by selling 166,940 shares a decrease of 8.4%. Beck Capital Management, LLC claims 1,816,517 shares with a value of $1,726,000. The value of the position overall is down by 33.6%.

Astrotech Corporation, launched on August 22, 1984, is a science and technology development and commercialization company. The Company invents, acquires and commercializes technological innovations sourced from internal research, universities, laboratories and research institutions. The Company operates through two business units: Astro Scientific and Astral Images Corporation (Astral). The Astro Scientific is a technology incubator that commercializes technologies, and includes the operations of subsidiaries, such as 1st Detect Corporation (1st Detect) and Astrogenetix, Inc. (Astrogenetix). Astral enables film restoration, enhancement and digitization using an automated process that algorithmically removes dust, scratches and defects to restore it to its original condition. The Business’s product portfolio consists of MMS-1000 and OEM-1000..


Leave a Reply

Your email address will not be published. Required fields are marked *