Rail Vision (NASDAQ:RVSN) Stock Price Up 6.8%

Rail Vision Ltd. (NASDAQ:RVSN)’s share price shot up 6.8% during mid-day trading on Thursday . The company traded as high as 1.13 and last traded at 1.10. 1,244,900 shares were traded during mid-day trading, a decline of 83% from the average session volume of 7,451,753 shares. The stock had previously closed at 1.03.

Rail Vision Stock Up 6.8 %

The stock has a market cap of $7.40 million, a price-to-earnings ratio of -0.24 and a beta of 0.01. The company has a 50 day simple moving average of 2.97 and a 200 day simple moving average of 3.24.

Institutional Trading of Rail Vision

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in Rail Vision in the second quarter valued at $43,000. Walleye Capital LLC bought a new position in shares of Rail Vision in the 2nd quarter worth about $195,000. Finally, RIA Advisory Group LLC bought a new position in shares of Rail Vision in the 4th quarter worth about $35,000. 12.11% of the stock is owned by institutional investors and hedge funds.

About Rail Vision

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.