Silynxcom (NYSEAMERICAN:SYNX) Shares Up 1.4% – Here’s What Happened

Shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) shot up 1.4% during mid-day trading on Monday . The stock traded as high as $1.07 and last traded at $1.07. Approximately 26,564 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 30,274 shares. The stock had previously closed at $1.0550.

Silynxcom Stock Performance

The stock has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.11.

Silynxcom (NYSEAMERICAN:SYNX) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $1.77 million during the quarter.

Institutional Investors Weigh In On Silynxcom

An institutional investor recently bought a new position in Silynxcom stock. Thompson Davis & CO. Inc. acquired a new position in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned approximately 0.95% of Silynxcom as of its most recent SEC filing.

Silynxcom Company Profile

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.