Know Labs (NYSEAMERICAN:KNW) Shares Down 7.5% – What’s Next?

Know Labs, Inc. (NYSEAMERICAN:KNW)’s share price was down 7.5% during trading on Wednesday . The company traded as low as $0.84 and last traded at $0.89. Approximately 298,564 shares traded hands during mid-day trading, an increase of 748% from the average daily volume of 35,210 shares. The stock had previously closed at $0.96.

Know Labs Trading Down 7.5 %

The stock has a market capitalization of $98.94 million, a P/E ratio of -4.45 and a beta of 1.54.

Institutional Trading of Know Labs

A hedge fund recently bought a new stake in Know Labs stock. Ingalls & Snyder LLC bought a new stake in Know Labs, Inc. (NYSEAMERICAN:KNW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 416,667 shares of the company’s stock, valued at approximately $72,000. Ingalls & Snyder LLC owned about 0.37% of Know Labs as of its most recent filing with the Securities & Exchange Commission. 23.96% of the stock is owned by institutional investors and hedge funds.

Know Labs Company Profile

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.