Crown ElectroKinetics (NASDAQ:CRKN) Trading Up 17.6% – Time to Buy?

Crown ElectroKinetics Corp. (NASDAQ:CRKN) shares shot up 17.6% during mid-day trading on Wednesday . The company traded as high as $2.00 and last traded at $2.00. 10,465 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 124,031 shares. The stock had previously closed at $1.70.

Crown ElectroKinetics Trading Up 17.6 %

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average is $3.93 and its 200-day moving average is $59.57.

Institutional Investors Weigh In On Crown ElectroKinetics

An institutional investor recently bought a new position in Crown ElectroKinetics stock. LPL Financial LLC acquired a new stake in shares of Crown ElectroKinetics Corp. (NASDAQ:CRKN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 337,000 shares of the company’s stock, valued at approximately $48,000. LPL Financial LLC owned 21.74% of Crown ElectroKinetics at the end of the most recent reporting period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

About Crown ElectroKinetics

Crown ElectroKinetics Corp. engages in the commercialization of electro kinetic technology for use in the smart glass market. It develops and sells optical switching film that can be embedded between glass or applied to the surface of glass or other rigid substrates such as acrylic, to electronically control opacity.