Renaissance Technologies LLC Sells 32,616 Shares of Hyperfine, Inc. (NASDAQ:HYPR)

Renaissance Technologies LLC reduced its position in shares of Hyperfine, Inc. (NASDAQ:HYPR) by 35.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,400 shares of the company’s stock after selling 32,616 shares during the period. Renaissance Technologies LLC owned about 0.08% of Hyperfine worth $50,000 at the end of the most recent quarter.

Hyperfine Stock Down 0.6 %

Shares of HYPR stock opened at $0.99 on Tuesday. Hyperfine, Inc. has a 12-month low of $0.76 and a 12-month high of $2.07. The company has a market capitalization of $71.54 million, a P/E ratio of -1.69 and a beta of 0.84. The firm has a 50-day moving average price of $1.03 and a 200 day moving average price of $0.97.

Hyperfine (NASDAQ:HYPR) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). Hyperfine had a negative net margin of 347.05% and a negative return on equity of 51.72%. The firm had revenue of $3.63 million during the quarter, compared to the consensus estimate of $3.15 million. During the same period last year, the firm posted ($0.15) EPS. As a group, research analysts expect that Hyperfine, Inc. will post -0.57 earnings per share for the current year.

Hyperfine Profile

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.