N2OFF (NASDAQ:NITO) Shares Up 5.4% – Still a Buy?

N2OFF, Inc. (NASDAQ:NITO) shares were up 5.4% on Tuesday . The stock traded as high as $1.00 and last traded at $0.9828. Approximately 42,228 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 222,978 shares. The stock had previously closed at $0.9324.

N2OFF Stock Up 5.4%

The business has a 50-day moving average price of $1.36 and a 200-day moving average price of $3.42. The firm has a market capitalization of $2.67 million, a price-to-earnings ratio of -0.03 and a beta of 1.66.

Institutional Investors Weigh In On N2OFF

A hedge fund recently bought a new stake in N2OFF stock. Yorkville Advisors Global LP purchased a new position in N2OFF, Inc. (NASDAQ:NITO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF makes up approximately 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned 3.68% of N2OFF at the end of the most recent reporting period. 61.24% of the stock is owned by institutional investors.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.