Starbox Group (NASDAQ:STBX) Stock Price Down 9%

Starbox Group Holdings Ltd. (NASDAQ:STBX)’s stock price dropped 9% during trading on Thursday . The stock traded as low as $0.20 and last traded at $0.21. Approximately 45,652 shares changed hands during trading, a decline of 82% from the average daily volume of 247,025 shares. The stock had previously closed at $0.23.

Starbox Group Trading Down 8.5 %

The firm’s 50-day simple moving average is $0.27 and its 200 day simple moving average is $0.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.34 and a current ratio of 8.34.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STBX. Citadel Advisors LLC acquired a new position in shares of Starbox Group during the 3rd quarter worth about $33,000. XTX Topco Ltd acquired a new position in shares of Starbox Group during the 1st quarter worth about $59,000. Bank of America Corp DE increased its stake in shares of Starbox Group by 15,907.7% during the 1st quarter. Bank of America Corp DE now owns 16,648 shares of the company’s stock worth $59,000 after purchasing an additional 16,544 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Starbox Group during the 1st quarter worth about $63,000. Finally, Jane Street Group LLC acquired a new position in shares of Starbox Group during the 3rd quarter worth about $138,000. 21.97% of the stock is currently owned by institutional investors and hedge funds.

Starbox Group Company Profile

Starbox Group Holdings Ltd., through its subsidiaries, engages in the provision of cash rebate and digital advertising services to retail merchant advertisers through websites and mobile apps in Malaysia. It connects retail merchants with individual online and offline shoppers to facilitate transactions through cash rebate programs offered by retail merchants.