Eightco Holdings Inc. (NASDAQ:OCTO – Get Free Report)’s stock price was up 4.8% during trading on Friday . The stock traded as high as $0.6315 and last traded at $0.6092. Approximately 17,060,598 shares changed hands during trading, an increase of 47% from the average session volume of 11,576,554 shares. The stock had previously closed at $0.5811.
Eightco Trading Down 1.0%
The company has a quick ratio of 0.09, a current ratio of 0.30 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.84 million, a P/E ratio of -0.20 and a beta of 0.84. The company’s 50 day simple moving average is $0.80 and its 200-day simple moving average is $1.00.
Hedge Funds Weigh In On Eightco
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Eightco in the 3rd quarter valued at $100,000. UBS Group AG lifted its position in shares of Eightco by 21,435.9% during the third quarter. UBS Group AG now owns 440,624 shares of the company’s stock worth $10,623,000 after purchasing an additional 438,578 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Eightco during the third quarter valued at $1,124,000. Two Sigma Investments LP purchased a new stake in shares of Eightco during the third quarter valued at $288,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Eightco in the third quarter worth about $13,211,000. Hedge funds and other institutional investors own 12.85% of the company’s stock.
Eightco Company Profile
Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.
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