Renaissance Technologies LLC Sells 32,616 Shares of Hyperfine, Inc. (NASDAQ:HYPR)

Renaissance Technologies LLC reduced its position in shares of Hyperfine, Inc. (NASDAQ:HYPRFree Report) by 35.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,400 shares of the company’s stock after selling 32,616 shares during the period. Renaissance Technologies LLC owned about 0.08% of Hyperfine worth $50,000 at the end of the most recent quarter.

Hyperfine Stock Down 0.6 %

Shares of HYPR stock opened at $0.99 on Tuesday. Hyperfine, Inc. has a 12-month low of $0.76 and a 12-month high of $2.07. The company has a market capitalization of $71.54 million, a P/E ratio of -1.69 and a beta of 0.84. The firm has a 50-day moving average price of $1.03 and a 200 day moving average price of $0.97.

Hyperfine (NASDAQ:HYPRGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). Hyperfine had a negative net margin of 347.05% and a negative return on equity of 51.72%. The firm had revenue of $3.63 million during the quarter, compared to the consensus estimate of $3.15 million. During the same period last year, the firm posted ($0.15) EPS. As a group, research analysts expect that Hyperfine, Inc. will post -0.57 earnings per share for the current year.

Hyperfine Profile

(Free Report)

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.

See Also

Want to see what other hedge funds are holding HYPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyperfine, Inc. (NASDAQ:HYPRFree Report).

Receive News & Ratings for Hyperfine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyperfine and related companies with MarketBeat.com's FREE daily email newsletter.