AirSculpt Technologies (NASDAQ:AIRS) Shares Down 1% – Here’s Why

AirSculpt Technologies, Inc. (NASDAQ:AIRS) dropped 1% during trading on Wednesday . The company traded as low as $6.04 and last traded at $6.14. Approximately 503,709 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 579,518 shares. The stock had previously closed at $6.20.

AirSculpt Technologies Stock Down 1.0%

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $360.91 million, a P/E ratio of -20.47 and a beta of 2.46. The stock has a 50-day moving average of $5.14 and a 200 day moving average of $4.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC bought a new position in AirSculpt Technologies in the second quarter valued at about $50,000. Matauro LLC bought a new position in AirSculpt Technologies in the second quarter valued at about $557,000. Kapitalo Investimentos Ltda bought a new position in AirSculpt Technologies in the second quarter valued at about $51,000. American Century Companies Inc. bought a new position in AirSculpt Technologies in the first quarter valued at about $32,000. Finally, Invesco Ltd. bought a new position in AirSculpt Technologies in the first quarter valued at about $56,000. Institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.