Markforged Holding Co. (NYSE:MKFG - Get Free Report) shot up 2.9% on Thursday . The company traded as high as $2.83 and last traded at $2.81. 28,431 shares were traded during trading, a decline of 75% from the average session volume of 113,403 shares. The stock had previously closed at $2.73.
Markforged Stock Performance
The company has a market cap of $66.71 million, a PE ratio of -0.74 and a beta of 1.50. The stock's 50 day moving average price is $2.87 and its 200-day moving average price is $3.48.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its stake in Markforged by 19.9% in the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company's stock worth $85,000 after acquiring an additional 4,511 shares during the period. Wolverine Asset Management LLC raised its stake in Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company's stock worth $103,000 after buying an additional 25,228 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Markforged in the 4th quarter valued at approximately $116,000. Squarepoint Ops LLC boosted its position in shares of Markforged by 182.7% during the fourth quarter. Squarepoint Ops LLC now owns 37,618 shares of the company's stock valued at $118,000 after purchasing an additional 24,309 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Markforged by 104.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,639 shares of the company's stock worth $137,000 after purchasing an additional 22,300 shares during the period. Institutional investors own 87.30% of the company's stock.
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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