Siyata Mobile (NASDAQ:SYTA) Trading Down 6.6%

Siyata Mobile Inc. (NASDAQ:SYTA)’s stock price dropped 6.6% during trading on Thursday . The company traded as low as $2.63 and last traded at $2.71. Approximately 33,714 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 20,576 shares. The stock had previously closed at $2.90.

Siyata Mobile Stock Down 6.6 %

The company’s 50 day moving average price is $3.25 and its two-hundred day moving average price is $5.30. The firm has a market cap of $1.54 million, a PE ratio of -0.02 and a beta of 1.40. The company has a current ratio of 1.24, a quick ratio of 0.58 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Siyata Mobile during the 1st quarter worth $30,000. Bank of America Corp DE purchased a new position in shares of Siyata Mobile during the 1st quarter worth $31,000. Virtu Financial LLC purchased a new position in shares of Siyata Mobile during the 1st quarter valued at $68,000. Two Sigma Securities LLC purchased a new position in shares of Siyata Mobile during the 1st quarter valued at $26,000. Finally, Anson Funds Management LP purchased a new position in shares of Siyata Mobile during the 1st quarter valued at $274,000. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Siyata Mobile Company Profile

Siyata Mobile Inc develops and provides cellular-based communications platform. It develops, markets, and sells rugged handheld Push-to-Talk over Cellular smartphone devices for first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in various industries.