Rail Vision (NASDAQ:RVSN) Stock Price Down 3.4% – Should You Sell?

Rail Vision Ltd. (NASDAQ:RVSN)’s stock price was down 3.4% during mid-day trading on Tuesday . The company traded as low as $0.27 and last traded at $0.28. Approximately 940,867 shares traded hands during trading, a decline of 63% from the average daily volume of 2,577,242 shares. The stock had previously closed at $0.29.

Rail Vision Stock Performance

The business’s 50 day simple moving average is $0.53 and its 200-day simple moving average is $0.65. The company has a market cap of $5.63 million, a price-to-earnings ratio of -0.06 and a beta of -1.09.

Institutional Trading of Rail Vision

A hedge fund recently bought a new stake in Rail Vision stock. Millennium Management LLC purchased a new stake in shares of Rail Vision Ltd. (NASDAQ:RVSN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned about 0.11% of Rail Vision at the end of the most recent reporting period. 12.11% of the stock is owned by hedge funds and other institutional investors.

Rail Vision Company Profile

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.