DatChat (NASDAQ:DATS) Trading Down 11.2%

DatChat, Inc. (NASDAQ:DATS)’s share price dropped 11.2% during trading on Friday . The stock traded as low as $0.41 and last traded at $0.41. Approximately 179,734 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 275,355 shares. The stock had previously closed at $0.46.

DatChat Stock Down 11.2 %

The firm’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.50. The stock has a market capitalization of $8.48 million, a P/E ratio of -0.76 and a beta of 2.10.

DatChat (NASDAQ:DATS) last posted its quarterly earnings data on Monday, August 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. DatChat had a negative return on equity of 91.24% and a negative net margin of 25,827.66%.

Institutional Trading of DatChat

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC increased its holdings in shares of DatChat by 203.0% in the 2nd quarter. Virtu Financial LLC now owns 47,796 shares of the company’s stock valued at $26,000 after purchasing an additional 32,022 shares during the period. State Street Corp acquired a new position in shares of DatChat in the 1st quarter valued at about $42,000. Renaissance Technologies LLC increased its holdings in shares of DatChat by 9.2% in the 4th quarter. Renaissance Technologies LLC now owns 246,700 shares of the company’s stock valued at $61,000 after purchasing an additional 20,754 shares during the period. Citadel Advisors LLC acquired a new position in shares of DatChat in the 3rd quarter valued at about $71,000. Finally, Geode Capital Management LLC increased its holdings in shares of DatChat by 116.7% in the 2nd quarter. Geode Capital Management LLC now owns 136,666 shares of the company’s stock valued at $73,000 after purchasing an additional 73,590 shares during the period. Institutional investors and hedge funds own 2.57% of the company’s stock.

About DatChat

DatChat, Inc a communication software company, develops mobile messaging application. The company offers DatChat Messenger & Private Social Network, a mobile application that gives users the ability to communicate with privacy and protection. It develops a blockchain-based decentralized communications platform that allows consumers and businesses to connect directly with each other.