MDB Capital (NASDAQ:MDBH) Trading Up 2.7% – Here’s What Happened

MDB Capital Holdings, LLC (NASDAQ:MDBH)’s stock price was up 2.7% on Friday . The company traded as high as $3.63 and last traded at $3.58. Approximately 2,677 shares changed hands during trading, a decline of 81% from the average daily volume of 13,892 shares. The stock had previously closed at $3.48.

MDB Capital Price Performance

The stock has a fifty day moving average price of $4.04 and a two-hundred day moving average price of $4.74. The company has a market cap of $33.25 million, a P/E ratio of 6.38 and a beta of 1.05.

MDB Capital (NASDAQ:MDBH) last posted its earnings results on Thursday, August 14th. The company reported ($0.83) earnings per share for the quarter.

Institutional Investors Weigh In On MDB Capital

A hedge fund recently bought a new stake in MDB Capital stock. Raymond James Financial Inc. acquired a new stake in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,100 shares of the company’s stock, valued at approximately $27,000. Raymond James Financial Inc. owned approximately 0.07% of MDB Capital as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.35% of the company’s stock.

MDB Capital Company Profile

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.