Knightscope (NASDAQ:KSCP) Stock Price Down 13.2% – Here’s What Happened

Knightscope, Inc. (NASDAQ:KSCP)’s share price fell 13.2% during mid-day trading on Friday . The stock traded as low as $19.50 and last traded at $19.97. 212,540 shares traded hands during trading, an increase of 114% from the average session volume of 99,418 shares. The stock had previously closed at $23.02.

Knightscope Trading Down 13.2 %

The company has a market cap of $54.36 million, a price-to-earnings ratio of -1.47 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50-day moving average of $12.03.

Knightscope (NASDAQ:KSCP) last posted its earnings results on Wednesday, August 14th. The company reported ($2.50) earnings per share for the quarter. The business had revenue of $3.20 million for the quarter.

Institutional Investors Weigh In On Knightscope

A hedge fund recently raised its stake in Knightscope stock. Traynor Capital Management Inc. grew its position in shares of Knightscope, Inc. (NASDAQ:KSCP) by 100.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,001 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Traynor Capital Management Inc. owned approximately 0.18% of Knightscope worth $61,000 as of its most recent SEC filing. 14.61% of the stock is owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.