PicoCELA (NASDAQ:PCLA) Stock Price Down 1.3% – Here’s Why

PicoCELA Inc. (NASDAQ:PCLA)’s stock price traded down 1.3% on Wednesday . The stock traded as low as $0.2833 and last traded at $0.29. 81,787 shares were traded during trading, a decline of 89% from the average session volume of 738,890 shares. The stock had previously closed at $0.2938.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PicoCELA in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

PicoCELA Trading Down 1.3%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.74. The stock’s 50 day moving average is $0.37 and its two-hundred day moving average is $0.69.

Hedge Funds Weigh In On PicoCELA

A hedge fund recently bought a new stake in PicoCELA stock. XTX Topco Ltd bought a new position in shares of PicoCELA Inc. (NASDAQ:PCLA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,648 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned 0.16% of PicoCELA at the end of the most recent reporting period.

PicoCELA Company Profile

PicoCELA, Inc engages in the manufacturing, installation, and services for enterprise wireless mesh solutions. It also offers wireless multi-hop relay devices. The company was founded by Hiroshi Furukawa on August 8, 2008 and is headquartered in Tokyo, Japan.