Foresight Autonomous (NASDAQ:FRSX) Trading Down 8.3% – Here’s Why

Shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fell 8.3% on Tuesday . The company traded as low as $1.51 and last traded at $1.54. 343,246 shares traded hands during trading, a decline of 34% from the average session volume of 523,101 shares. The stock had previously closed at $1.68.

Foresight Autonomous Stock Down 15.6 %

The firm’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $0.86. The firm has a market capitalization of $14.07 million, a PE ratio of -1.27 and a beta of 1.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd purchased a new stake in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,948,177 shares of the company’s stock, valued at approximately $2,824,000. Foresight Autonomous accounts for approximately 0.1% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 26th largest position. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent SEC filing. Institutional investors and hedge funds own 23.45% of the company’s stock.

About Foresight Autonomous

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions.