Knightscope (NASDAQ:KSCP) Shares Down 13.2% – Should You Sell?

Knightscope, Inc. (NASDAQ:KSCP)’s share price dropped 13.2% during mid-day trading on Friday . The company traded as low as $19.50 and last traded at $19.97. Approximately 212,540 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 99,418 shares. The stock had previously closed at $23.02.

Knightscope Trading Down 13.2 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.84 and a current ratio of 1.21. The business’s fifty day moving average price is $12.03.

Knightscope (NASDAQ:KSCP) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($2.50) EPS for the quarter. The company had revenue of $3.20 million for the quarter.

Institutional Investors Weigh In On Knightscope

An institutional investor recently raised its position in Knightscope stock. Kingsview Wealth Management LLC lifted its stake in shares of Knightscope, Inc. (NASDAQ:KSCP) by 50.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 187,750 shares of the company’s stock after purchasing an additional 62,850 shares during the quarter. Kingsview Wealth Management LLC owned 0.20% of Knightscope worth $94,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 14.61% of the company’s stock.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.