CISO Global (NASDAQ:CISO) Trading Down 12.2%

CISO Global Inc. (NASDAQ:CISO)’s share price traded down 12.2% during trading on Wednesday . The company traded as low as $0.88 and last traded at $0.92. 99,972 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 194,891 shares. The stock had previously closed at $1.05.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reiterated an “overweight” rating on shares of CISO Global in a report on Wednesday, February 14th.

CISO Global Stock Down 12.2 %

The firm’s 50 day simple moving average is $1.24 and its 200-day simple moving average is $1.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.41 and a current ratio of 0.42.

Institutional Trading of CISO Global

An institutional investor recently raised its position in CISO Global stock. Lynwood Capital Management Inc. grew its stake in shares of CISO Global Inc. (NASDAQ:CISO) by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,750,000 shares of the company’s stock after purchasing an additional 1,135,000 shares during the quarter. CISO Global accounts for 2.5% of Lynwood Capital Management Inc.’s investment portfolio, making the stock its 9th biggest position. Lynwood Capital Management Inc. owned 3.79% of CISO Global worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.08% of the stock is owned by hedge funds and other institutional investors.

About CISO Global

CISO Global Inc operates as a cybersecurity and compliance company in the United States, Chile, and internationally. The company offers security managed services, including compliance, secured managed, and cyber defense operation services; culture education and enablement; tools and technology provisioning; data, privacy, regulations, and compliance monitoring; remote infrastructure administration; and antivirus and patch management services.