Banque Cantonale Vaudoise Invests $34,000 in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Banque Cantonale Vaudoise purchased a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the second quarter, Holdings Channel reports. The institutional investor purchased 7,320 shares of the company’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. bought a new stake in AST SpaceMobile during the 2nd quarter worth approximately $80,000. American International Group Inc. acquired a new position in shares of AST SpaceMobile in the 2nd quarter valued at $137,000. Maven Securities LTD acquired a new position in shares of AST SpaceMobile in the 2nd quarter valued at $2,818,000. Barclays PLC acquired a new position in shares of AST SpaceMobile in the 2nd quarter valued at $9,883,000. Finally, CWM LLC acquired a new position in shares of AST SpaceMobile in the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 54.53% of the company’s stock.

AST SpaceMobile Stock Performance

Shares of AST SpaceMobile stock opened at $4.83 on Monday. The company has a market capitalization of $1.05 billion, a PE ratio of -5.75 and a beta of 0.61. AST SpaceMobile, Inc. has a 12 month low of $2.73 and a 12 month high of $7.14. The company has a current ratio of 6.06, a quick ratio of 7.22 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $3.68 and its 200 day simple moving average is $4.38.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.