KWESST Micro Systems Inc. (NASDAQ:KWE – Get Free Report) shares dropped 2.9% on Monday . The stock traded as low as $1.00 and last traded at $1.01. Approximately 15,512 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 45,600 shares. The stock had previously closed at $1.04.
KWESST Micro Systems Trading Down 2.9 %
The stock has a 50 day moving average of $1.47 and a 200-day moving average of $2.19. The stock has a market capitalization of $4.11 million, a P/E ratio of -0.24 and a beta of 1.89.
Institutional Trading of KWESST Micro Systems
Several institutional investors and hedge funds have recently modified their holdings of KWE. Warberg Asset Management LLC bought a new stake in shares of KWESST Micro Systems in the 3rd quarter valued at about $140,000. Worth Venture Partners LLC boosted its stake in KWESST Micro Systems by 91.1% in the third quarter. Worth Venture Partners LLC now owns 283,767 shares of the company’s stock valued at $477,000 after acquiring an additional 135,239 shares in the last quarter. Finally, AIGH Capital Management LLC increased its position in shares of KWESST Micro Systems by 40.4% during the third quarter. AIGH Capital Management LLC now owns 556,175 shares of the company’s stock worth $899,000 after purchasing an additional 160,000 shares in the last quarter. Institutional investors own 14.84% of the company’s stock.
About KWESST Micro Systems
KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including non-reciprocating and reciprocating PARA OPS devices and ARWEN products with application in the professional and personal defense; modernized digitization products and services of tactical teams for shared real-time situational awareness in the military and civilian markets; and counter-measures comprising battlefield laser defense systems, phantom electronic warfare devices, and GhostNet counter-drone systems, against threats, such as drones, lasers, and electronic detection for the military market.
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