MDB Capital (NASDAQ:MDBH) Stock Price Up 6.9%

MDB Capital Holdings, LLC (NASDAQ:MDBH)’s share price rose 6.9% during mid-day trading on Wednesday . The stock traded as high as $9.66 and last traded at $9.66. Approximately 586 shares were traded during trading, a decline of 93% from the average daily volume of 8,820 shares. The stock had previously closed at $9.03.

MDB Capital Stock Performance

The company’s 50-day moving average price is $9.88 and its 200-day moving average price is $10.48.

MDB Capital (NASDAQ:MDBH) last released its quarterly earnings data on Friday, March 29th. The company reported ($0.80) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On MDB Capital

A hedge fund recently bought a new stake in MDB Capital stock. Pasadena Private Wealth LLC purchased a new position in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $577,000. Pasadena Private Wealth LLC owned approximately 0.12% of MDB Capital at the end of the most recent reporting period. Institutional investors own 0.35% of the company’s stock.

About MDB Capital

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.