Silynxcom (NYSEAMERICAN:SYNX) Shares Down 6.3% – What’s Next?

Shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) fell 6.3% on Tuesday . The company traded as low as $1.04 and last traded at $1.04. 39,991 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 104,549 shares. The stock had previously closed at $1.11.

Silynxcom Price Performance

The stock’s fifty day moving average is $1.16 and its two-hundred day moving average is $1.09.

Silynxcom (NYSEAMERICAN:SYNX) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $1.77 million for the quarter.

Hedge Funds Weigh In On Silynxcom

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. bought a new stake in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned 0.95% of Silynxcom at the end of the most recent quarter.

About Silynxcom

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.