Legacy Investment Solutions LLC Purchases 43,102 Shares of NeoVolta Inc. (NASDAQ:NEOV)

Legacy Investment Solutions LLC grew its position in shares of NeoVolta Inc. (NASDAQ:NEOV) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,527,896 shares of the company’s stock after purchasing an additional 43,102 shares during the period. NeoVolta makes up approximately 10.8% of Legacy Investment Solutions LLC’s portfolio, making the stock its biggest holding. Legacy Investment Solutions LLC owned 0.11% of NeoVolta worth $18,380,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Beacon Capital Management LLC acquired a new stake in shares of NeoVolta during the fourth quarter valued at about $26,000. Barclays PLC acquired a new position in shares of NeoVolta in the third quarter worth approximately $35,000. Finally, Sovran Advisors LLC acquired a new position in shares of NeoVolta in the fourth quarter worth approximately $636,000. 5.11% of the stock is owned by institutional investors and hedge funds.

NeoVolta Price Performance

NeoVolta stock opened at $3.30 on Monday. The stock’s 50 day moving average is $2.53 and its 200 day moving average is $3.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 12.03 and a quick ratio of 5.94. The firm has a market cap of $110.28 million, a P/E ratio of -33.00 and a beta of -0.97. NeoVolta Inc. has a one year low of $1.80 and a one year high of $6.11.

NeoVolta (NASDAQ:NEOV) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.04) EPS for the quarter. The company had revenue of $2.01 million during the quarter. NeoVolta had a negative return on equity of 76.86% and a negative net margin of 128.91%.

NeoVolta Profile

NeoVolta Inc designs, manufactures, and sells energy storage systems in the United States. It provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors.