Foresight Autonomous (NASDAQ:FRSX) Trading 5.6% Higher – What’s Next?

Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)’s share price traded up 5.6% during trading on Wednesday . The company traded as high as $0.70 and last traded at $0.69. 59,924 shares traded hands during trading, a decline of 73% from the average session volume of 223,288 shares. The stock had previously closed at $0.65.

Foresight Autonomous Trading Up 6.0 %

The stock has a fifty day moving average of $0.72 and a 200 day moving average of $0.93.

Foresight Autonomous (NASDAQ:FRSX) last released its earnings results on Friday, August 9th. The company reported ($0.30) EPS for the quarter. Foresight Autonomous had a negative return on equity of 86.89% and a negative net margin of 1,871.62%. The firm had revenue of $0.12 million for the quarter.

Institutional Investors Weigh In On Foresight Autonomous

An institutional investor recently bought a new position in Foresight Autonomous stock. Altshuler Shaham Ltd bought a new position in shares of Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 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 biggest holding. Altshuler Shaham Ltd owned 27.23% of Foresight Autonomous as of its most recent SEC filing. 23.45% of the stock is currently owned by institutional investors and hedge funds.

Foresight Autonomous Company Profile

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.