PicoCELA (NASDAQ:PCLA) Shares Down 1.3% – Time to Sell?

PicoCELA Inc. (NASDAQ:PCLA)’s stock price dropped 1.3% during mid-day trading on Wednesday . The company traded as low as $0.2833 and last traded at $0.29. Approximately 81,787 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 738,890 shares. The stock had previously closed at $0.2938.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PicoCELA in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PicoCELA presently has an average rating of “Sell”.

PicoCELA Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.74. The business has a 50 day moving average price of $0.37 and a 200 day moving average price of $0.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PicoCELA stock. XTX Topco Ltd bought a new stake in PicoCELA Inc. (NASDAQ:PCLA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,648 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned 0.16% of PicoCELA as of its most recent filing with the Securities and Exchange Commission (SEC).

PicoCELA Company Profile

PicoCELA, Inc engages in the manufacturing, installation, and services for enterprise wireless mesh solutions. It also offers wireless multi-hop relay devices. The company was founded by Hiroshi Furukawa on August 8, 2008 and is headquartered in Tokyo, Japan.