Markforged Holding Co. (NYSE:MKFG - Get Free Report)'s stock price fell 1.5% during trading on Friday . The company traded as low as $2.95 and last traded at $3.01. 23,216 shares changed hands during trading, a decline of 62% from the average session volume of 61,727 shares. The stock had previously closed at $3.05.
Markforged Price Performance
The company has a 50-day moving average price of $3.29 and a 200 day moving average price of $3.49. The firm has a market capitalization of $61.57 million, a PE ratio of -0.69 and a beta of 1.50.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MKFG. Squarepoint Ops LLC lifted its holdings in shares of Markforged by 182.7% in the fourth quarter. Squarepoint Ops LLC now owns 37,618 shares of the company's stock worth $118,000 after buying an additional 24,309 shares in the last quarter. Northern Trust Corp lifted its stake in Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company's stock worth $85,000 after purchasing an additional 4,511 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of Markforged during the 4th quarter valued at about $344,000. Cigogne Management SA purchased a new position in shares of Markforged during the fourth quarter valued at about $483,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Markforged by 96.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company's stock worth $985,000 after purchasing an additional 154,000 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.
Markforged Company Profile
(
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Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.
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