BlackSky Technology (NYSE:BKSY) Sees Unusually-High Trading Volume

BlackSky Technology Inc. (NYSE:BKSY) shares saw unusually-strong trading volume on Friday . Approximately 167,050 shares changed hands during trading, an increase of 78% from the previous session’s volume of 94,004 shares.The stock last traded at $5.80 and had previously closed at $6.09.

BlackSky Technology Stock Down 6.4 %

The firm has a market capitalization of $836.93 million, a PE ratio of -15.00 and a beta of 1.00. The firm’s 50-day moving average is $8.24 and its 200 day moving average is $9.08. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.19 and a current ratio of 4.19.

BlackSky Technology (NYSE:BKSY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.24. BlackSky Technology had a negative net margin of 26.78% and a negative return on equity of 56.91%. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $25.14 million. During the same quarter in the prior year, the firm earned ($1.92) earnings per share. As a group, research analysts forecast that BlackSky Technology Inc. will post -2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BlackSky Technology

Several hedge funds have recently bought and sold shares of BKSY. Virtu Financial LLC boosted its stake in shares of BlackSky Technology by 134.5% during the first quarter. Virtu Financial LLC now owns 145,514 shares of the company’s stock valued at $198,000 after acquiring an additional 83,462 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of BlackSky Technology during the second quarter worth about $295,000. GSA Capital Partners LLP raised its position in shares of BlackSky Technology by 123.8% in the first quarter. GSA Capital Partners LLP now owns 315,900 shares of the company’s stock valued at $430,000 after buying an additional 174,773 shares during the last quarter. LA Financiere DE L Echiquier lifted its stake in shares of BlackSky Technology by 13.6% during the second quarter. LA Financiere DE L Echiquier now owns 933,000 shares of the company’s stock valued at $998,000 after buying an additional 112,000 shares during the period. Finally, Vanguard Group Inc. boosted its position in BlackSky Technology by 17.8% during the first quarter. Vanguard Group Inc. now owns 5,291,909 shares of the company’s stock worth $7,197,000 after acquiring an additional 800,287 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

BlackSky Technology Company Profile

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.