SRAX (NASDAQ:SRAX) Share Price Passes Below 50 Day Moving Average of $0.46

Shares of SRAX, Inc. (NASDAQ:SRAX – Get Rating) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.46 and traded as low as $0.35. SRAX shares last traded at $0.35, with a volume of 39,773 shares traded.

SRAX Stock Performance

The firm’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $1.28. The firm has a market capitalization of $10.12 million, a price-to-earnings ratio of -0.29 and a beta of 1.51.

Institutional Trading of SRAX

Several institutional investors and hedge funds have recently bought and sold shares of SRAX. Bank of America Corp DE lifted its stake in SRAX by 4,154.9% during the 4th quarter. Bank of America Corp DE now owns 2,047,548 shares of the business services provider’s stock valued at $3,133,000 after acquiring an additional 1,999,426 shares during the period. Whitefort Capital Management LP boosted its holdings in SRAX by 107.8% during the first quarter. Whitefort Capital Management LP now owns 2,426,736 shares of the business services provider’s stock worth $11,721,000 after buying an additional 1,258,976 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in SRAX by 231.4% during the fourth quarter. Ridgewood Investments LLC now owns 181,663 shares of the business services provider’s stock worth $278,000 after buying an additional 126,843 shares in the last quarter. Anson Funds Management LP purchased a new stake in SRAX during the third quarter worth $56,000. Finally, Vanguard Group Inc. boosted its holdings in SRAX by 3.2% during the first quarter. Vanguard Group Inc. now owns 945,151 shares of the business services provider’s stock worth $4,565,000 after buying an additional 29,682 shares in the last quarter. 19.89% of the stock is currently owned by institutional investors and hedge funds.

About SRAX

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SRAX, Inc is a financial technology company, which unlocks data and insights for publicly traded companies. It provides tools which enhance communications between public companies and their shareholders and investors. The company operates through the Sequire and LD Micro business units. Sequire is a Software-as-a-Service (SaaS) based platform, which allows issuers to track their shareholders’ behaviors and trends and use data-driven insights to engage with shareholders across marketing channels.