MDB Capital (NASDAQ:MDBH) Stock Price Down 1.3% – Here’s What Happened

Shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) were down 1.3% on Monday . The company traded as low as $2.96 and last traded at $2.96. Approximately 9,564 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 4,278 shares. The stock had previously closed at $3.00.

MDB Capital Stock Performance

The stock’s fifty day moving average is $3.53 and its two-hundred day moving average is $3.36. The firm has a market cap of $30.49 million, a price-to-earnings ratio of -1.40 and a beta of 1.22.

MDB Capital (NASDAQ:MDBH) last released its quarterly earnings data on Thursday, May 14th. The company reported $999.00 earnings per share for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in MDB Capital in the second quarter worth approximately $27,000. Citadel Advisors LLC bought a new position in MDB Capital during the 3rd quarter valued at $43,000. Finally, DRW Securities LLC bought a new position in MDB Capital during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 0.35% of the company’s stock.

MDB Capital Company Profile

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence. The Technology Development segment engages in the synthetic biology technology development business.