Perfect Moment (NASDAQ:PMNT) Trading Down 0.5% – Should You Sell?

Perfect Moment Ltd. (NASDAQ:PMNT)’s stock price was down 0.5% on Thursday . The company traded as low as $0.48 and last traded at $0.48. Approximately 90,914 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,640,507 shares. The stock had previously closed at $0.48.

Perfect Moment Stock Down 0.5%

The stock’s 50 day moving average is $0.41 and its two-hundred day moving average is $0.64. The company has a market capitalization of $16.90 million, a PE ratio of -0.37 and a beta of -3.42.

Insiders Place Their Bets

In other Perfect Moment news, Director Max Gottschalk acquired 1,692,694 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average cost of $0.30 per share, with a total value of $507,808.20. Following the completion of the purchase, the director directly owned 2,024,447 shares in the company, valued at $607,334.10. The trade was a 510.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 1,738,594 shares of company stock valued at $520,660 over the last ninety days.

Institutional Trading of Perfect Moment

A hedge fund recently raised its stake in Perfect Moment stock. Magnus Financial Group LLC raised its position in shares of Perfect Moment Ltd. (NASDAQ:PMNT) by 271.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,975 shares of the company’s stock after buying an additional 74,550 shares during the quarter. Magnus Financial Group LLC owned about 0.62% of Perfect Moment worth $112,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.00% of the company’s stock.

About Perfect Moment

Perfect Moment Ltd., together with its subsidiaries, owns and operates a fashion brand that offers ski, surf, and activewear collections under the brand name of Perfect Moment. It offers skiwear, outerwear, swimwear and activewear for women, men, and children. The company sells its collections directly to customers through e-commerce and to wholesale accounts, as well as through other sales partnerships.