MultiSensor AI (NASDAQ:MSAI) Trading 5.3% Higher – Here’s What Happened

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) rose 5.3% on Friday . The stock traded as high as $2.00 and last traded at $2.00. Approximately 30,638 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 30,819 shares. The stock had previously closed at $1.90.

MultiSensor AI Stock Performance

The business has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $1.86.

MultiSensor AI (NASDAQ:MSAI) last announced its earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.20). The company had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $4.50 million. MultiSensor AI had a negative net margin of 464.06% and a negative return on equity of 668.81%. Equities research analysts expect that MultiSensor AI Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. 272 Capital LP bought a new stake in MultiSensor AI in the 3rd quarter worth about $243,000. Geode Capital Management LLC grew its holdings in shares of MultiSensor AI by 149.9% in the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after acquiring an additional 77,497 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of MultiSensor AI during the third quarter valued at approximately $38,000. E&G Advisors LP bought a new stake in MultiSensor AI during the third quarter worth $38,000. Finally, Sanders Morris Harris LLC boosted its position in MultiSensor AI by 1.9% in the third quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after purchasing an additional 62,892 shares during the last quarter. 82.32% of the stock is owned by institutional investors.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.