cbdMD (NYSEAMERICAN:YCBD) Trading Up 8.6%

cbdMD, Inc. (NYSEAMERICAN:YCBD)’s share price rose 8.6% on Thursday . The company traded as high as $1.04 and last traded at $1.00. Approximately 69,687 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 271,512 shares. The stock had previously closed at $0.92.

cbdMD Stock Up 8.6 %

The firm has a market capitalization of $3.05 million, a P/E ratio of -0.08 and a beta of 2.15.

cbdMD (NYSEAMERICAN:YCBD) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.67) earnings per share for the quarter. cbdMD had a negative net margin of 87.07% and a negative return on equity of 118.28%. The company had revenue of $5.38 million for the quarter.

Institutional Investors Weigh In On cbdMD

Large investors have recently made changes to their positions in the business. AXS Investments LLC raised its holdings in shares of cbdMD by 42.1% in the 4th quarter. AXS Investments LLC now owns 91,204 shares of the company’s stock worth $95,000 after purchasing an additional 27,017 shares during the period. Renaissance Technologies LLC increased its position in cbdMD by 49.3% in the first quarter. Renaissance Technologies LLC now owns 93,600 shares of the company’s stock worth $97,000 after buying an additional 30,900 shares during the last quarter. Vident Investment Advisory LLC raised its stake in shares of cbdMD by 68.4% in the first quarter. Vident Investment Advisory LLC now owns 119,283 shares of the company’s stock valued at $124,000 after buying an additional 48,470 shares during the period. Prudential Financial Inc. purchased a new position in shares of cbdMD during the 2nd quarter valued at $32,000. Finally, Vanguard Group Inc. grew its stake in shares of cbdMD by 11.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,304,682 shares of the company’s stock worth $294,000 after acquiring an additional 139,081 shares during the period. 7.18% of the stock is owned by hedge funds and other institutional investors.

About cbdMD

cbdMD, Inc produces and distributes various cannabidiol (CBD) products. The company owns and operates consumer hemp-based CBD brands, such as cbdMD, Paw CBD, hempMD, and cbdMD Botanicals. Its cbdMD brand products include CDB tinctures, gummies, topicals, capsules, drink mixes, and sleep, focus, and calming aids.