Steel Connect (NASDAQ:STCN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Steel Connect, Inc. (NASDAQ:STCN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.46 and traded as high as $12.58. Steel Connect shares last traded at $12.18, with a volume of 290,625 shares trading hands.

Steel Connect Stock Down 2.3 %

The business has a 50-day simple moving average of $12.02 and a two-hundred day simple moving average of $11.46. The stock has a market capitalization of $77.17 million, a P/E ratio of 3.97 and a beta of 0.25.

Steel Connect (NASDAQ:STCN) last announced its earnings results on Thursday, December 12th. The technology company reported $0.07 EPS for the quarter. Steel Connect had a return on equity of 14.59% and a net margin of 50.53%.

Institutional Trading of Steel Connect

An institutional investor recently bought a new position in Steel Connect stock. Deltec Asset Management LLC purchased a new stake in Steel Connect, Inc. (NASDAQ:STCN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,597 shares of the technology company’s stock, valued at approximately $145,000. Deltec Asset Management LLC owned about 0.18% of Steel Connect as of its most recent SEC filing. Institutional investors and hedge funds own 47.28% of the company’s stock.

Steel Connect Company Profile

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.