Starbox Group (NASDAQ:STBX) Shares Down 9%

Starbox Group Holdings Ltd. (NASDAQ:STBX) shares were down 9% during trading on Thursday . The stock traded as low as $0.20 and last traded at $0.21. Approximately 45,652 shares traded hands during trading, a decline of 82% from the average daily volume of 247,025 shares. The stock had previously closed at $0.23.

Starbox Group Stock Performance

The company has a fifty day simple moving average of $0.28 and a 200 day simple moving average of $0.37. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Starbox Group

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Starbox Group in the third quarter worth approximately $33,000. XTX Topco Ltd bought a new stake in Starbox Group during the first quarter worth $59,000. Bank of America Corp DE grew its holdings in Starbox Group by 15,907.7% during the first quarter. Bank of America Corp DE now owns 16,648 shares of the company’s stock worth $59,000 after buying an additional 16,544 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Starbox Group in the 1st quarter valued at $63,000. Finally, Jane Street Group LLC bought a new position in Starbox Group during the 3rd quarter valued at $138,000. 21.97% of the stock is owned by institutional investors.

About Starbox Group

Starbox Group Holdings Ltd., through its subsidiaries, engages in the provision of cash rebate and digital advertising services to retail merchant advertisers through websites and mobile apps in Malaysia. It connects retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate programs offered by retail merchants.