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

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

N2OFF Stock Performance

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

Institutional Investors Weigh In On N2OFF

A hedge fund recently bought a new stake in N2OFF stock. DRW Securities LLC bought a new stake in N2OFF, Inc. (NASDAQ:NITO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned 0.97% of N2OFF at the end of the most recent reporting period. 61.24% of the stock is currently owned by institutional investors and hedge funds.

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.