STRATA Skin Sciences (NASDAQ:SSKN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of STRATA Skin Sciences, Inc. (NASDAQ:SSKN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.07 and traded as high as $3.19. STRATA Skin Sciences shares last traded at $2.91, with a volume of 13,587 shares changing hands.

STRATA Skin Sciences Trading Down 1.4 %

The company’s 50-day moving average is $3.04 and its 200 day moving average is $3.07. The company has a market cap of $12.14 million, a price-to-earnings ratio of -1.09 and a beta of 1.32. The company has a quick ratio of 0.94, a current ratio of 1.13 and a debt-to-equity ratio of 1.62.

Hedge Funds Weigh In On STRATA Skin Sciences

An institutional investor recently bought a new position in STRATA Skin Sciences stock. Azzad Asset Management Inc. ADV purchased a new position in shares of STRATA Skin Sciences, Inc. (NASDAQ:SSKN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,000 shares of the medical device company’s stock, valued at approximately $33,000. Azzad Asset Management Inc. ADV owned approximately 0.34% of STRATA Skin Sciences at the end of the most recent quarter. Institutional investors own 32.43% of the company’s stock.

About STRATA Skin Sciences

STRATA Skin Sciences, Inc, a medical technology company, develops, commercializes, and markets products for the treatment of dermatologic conditions in the United States, Europe, the Middle East, Asia, Australia, South Africa, and Central and South America. The company operates in two segments, Dermatology Recurring Procedures and Dermatology Procedures Equipment.