Nutriband (NASDAQ:NTRBW) Shares Down 0.9% – Here’s What Happened

Nutriband Inc. (NASDAQ:NTRBW) shares fell 0.9% during trading on Tuesday . The stock traded as low as $1.12 and last traded at $1.12. 100 shares were traded during trading, a decline of 96% from the average session volume of 2,391 shares. The stock had previously closed at $1.13.

Nutriband Price Performance

The company has a fifty day moving average price of $1.42 and a 200-day moving average price of $1.63.

Institutional Trading of Nutriband

A hedge fund recently bought a new stake in Nutriband stock. Empery Asset Management LP bought a new stake in shares of Nutriband Inc. (NASDAQ:NTRBW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband comprises approximately 0.1% of Empery Asset Management LP’s portfolio, making the stock its 20th biggest holding.

About Nutriband

Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy. The company also develops other products, which include AVERSA buprenorphine and AVERSA methylphenidate; exenatide for type 2 diabetes; and follicle stimulating hormone for infertility.