Shares of iSun, Inc. (NASDAQ:ISUN – Get Free Report) dropped 4.1% during trading on Wednesday . The stock traded as low as $0.23 and last traded at $0.23. Approximately 85,083 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 495,393 shares. The stock had previously closed at $0.24.
iSun Price Performance
The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.82. The company has a market cap of $10.93 million, a PE ratio of -0.39 and a beta of 1.10. The company’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.21.
Hedge Funds Weigh In On iSun
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of iSun during the 1st quarter worth $43,000. Vanguard Group Inc. lifted its position in shares of iSun by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 361,668 shares of the company’s stock worth $1,482,000 after purchasing an additional 10,213 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of iSun during the 1st quarter worth $104,000. Northern Trust Corp purchased a new stake in shares of iSun during the 2nd quarter worth $48,000. Finally, State Street Corp lifted its position in shares of iSun by 29.3% during the 3rd quarter. State Street Corp now owns 29,158 shares of the company’s stock worth $64,000 after purchasing an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 11.80% of the company’s stock.
iSun Company Profile
iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.
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