Crown ElectroKinetics (NASDAQ:CRKN) Shares Up 17.6% – Here’s What Happened

Shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) traded up 17.6% during mid-day trading on Wednesday . The stock traded as high as $2.00 and last traded at $2.00. 10,465 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 124,031 shares. The stock had previously closed at $1.70.

Crown ElectroKinetics Trading Up 17.6 %

The business has a 50-day moving average of $3.93 and a 200 day moving average of $59.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Crown ElectroKinetics stock. LPL Financial LLC purchased a new stake in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 337,000 shares of the company’s stock, valued at approximately $48,000. LPL Financial LLC owned approximately 21.74% of Crown ElectroKinetics as of its most recent SEC filing. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

About Crown ElectroKinetics

Crown ElectroKinetics Corp. engages in the commercialization of electro kinetic technology for use in the smart glass market. It develops and sells optical switching film that can be embedded between glass or applied to the surface of glass or other rigid substrates such as acrylic, to electronically control opacity.