Markforged (NYSE:MKFG) Shares Up 2.9% – Here’s What Happened

Shares of Markforged Holding Co. (NYSE:MKFG) were up 2.9% during trading on Thursday . The stock traded as high as $2.83 and last traded at $2.81. Approximately 28,431 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 113,403 shares. The stock had previously closed at $2.73.

Markforged Trading Up 2.9 %

The firm’s fifty day moving average price is $2.88 and its 200 day moving average price is $3.47. The stock has a market capitalization of $57.94 million, a price-to-earnings ratio of -0.65 and a beta of 1.50.

Hedge Funds Weigh In On Markforged

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC lifted its holdings in Markforged by 336.2% during the 4th quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock worth $103,000 after buying an additional 25,228 shares in the last quarter. Virtu Financial LLC acquired a new stake in Markforged during the 4th quarter worth approximately $116,000. Geode Capital Management LLC lifted its holdings in Markforged by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 125,777 shares of the company’s stock worth $395,000 after buying an additional 11,099 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Markforged by 104.5% during the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock worth $137,000 after buying an additional 22,300 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in Markforged by 426.3% during the 4th quarter. Gabelli Funds LLC now owns 470,404 shares of the company’s stock worth $1,477,000 after buying an additional 381,030 shares in the last quarter. 87.30% of the stock is currently owned by institutional investors and hedge funds.

About Markforged

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.