NovaBay Pharmaceuticals (NYSEAMERICAN:NBY) Stock Price Up 17.7% – What’s Next?

NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY)’s share price shot up 17.7% on Thursday . The stock traded as high as $4.00 and last traded at $4.12. 230,989 shares were traded during trading, a decline of 88% from the average session volume of 1,986,156 shares. The stock had previously closed at $3.50.

NovaBay Pharmaceuticals Trading Down 1.3%

The stock has a market cap of $435.49 million, a PE ratio of -0.35 and a beta of 0.57. The business has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.21.

NovaBay Pharmaceuticals Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 29th. Investors of record on Wednesday, October 1st were paid a $0.80 dividend. The ex-dividend date was Tuesday, September 30th. This represents a dividend yield of 3,791.0%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NBY. Ground Swell Capital LLC purchased a new stake in NovaBay Pharmaceuticals during the third quarter valued at $25,000. Apollon Wealth Management LLC bought a new stake in shares of NovaBay Pharmaceuticals during the 3rd quarter valued at about $35,000. Finally, C2C Wealth Management LLC increased its position in shares of NovaBay Pharmaceuticals by 78.2% during the 2nd quarter. C2C Wealth Management LLC now owns 98,000 shares of the biopharmaceutical company’s stock valued at $57,000 after purchasing an additional 43,000 shares during the last quarter. Hedge funds and other institutional investors own 23.25% of the company’s stock.

About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals, Inc develops and sells eyecare and wound care products in the United States and internationally. It offers Avenova Spray, a solution for removing foreign materials, including microorganisms and debris from skin around the eye, such as the eyelid; Avenova Eye Health Support antioxidant-rich oral supplements; Avenova Lubricating Eye Drops for instant relief; NovaWipes by Avenova; Avenova WarmEye Compress to soothe the eyes; and the i-Chek by Avenova to monitor physical eyelid health.