Know Labs (NYSEAMERICAN:KNW) Shares Down 4.8% – Should You Sell?

Know Labs, Inc. (NYSEAMERICAN:KNW) shares were down 4.8% on Thursday . The stock traded as low as $0.40 and last traded at $0.41. Approximately 245,842 shares were traded during trading, an increase of 199% from the average daily volume of 82,301 shares. The stock had previously closed at $0.43.

Know Labs Stock Down 4.8 %

The company has a market cap of $45.41 million, a price-to-earnings ratio of -2.04 and a beta of 1.54.

Institutional Trading of Know Labs

An institutional investor recently bought a new position in Know Labs stock. Ingalls & Snyder LLC acquired a new stake in Know Labs, Inc. (NYSEAMERICAN:KNW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 416,667 shares of the company’s stock, valued at approximately $72,000. Ingalls & Snyder LLC owned about 0.37% of Know Labs at the end of the most recent quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

Know Labs Company Profile

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.