PicoCELA (NASDAQ:PCLA) Trading Down 2.4% – What’s Next?

PicoCELA Inc. (NASDAQ:PCLA)’s share price was down 2.4% on Wednesday . The company traded as low as $0.44 and last traded at $0.44. Approximately 131,229 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 162,088 shares. The stock had previously closed at $0.45.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e)” rating on shares of PicoCELA in a research report on Saturday, September 27th. Wall Street Zen raised shares of PicoCELA to a “hold” rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PicoCELA currently has an average rating of “Sell”.

PicoCELA Stock Performance

The firm’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.74.

Institutional Trading of PicoCELA

A hedge fund recently bought a new stake in PicoCELA stock. XTX Topco Ltd bought a new position in shares of PicoCELA Inc. (NASDAQ:PCLA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 44,648 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned 0.16% of PicoCELA at the end of the most recent quarter.

About PicoCELA

PicoCELA, Inc engages in the manufacturing, installation, and services for enterprise wireless mesh solutions. It also offers wireless multi-hop relay devices. The company was founded by Hiroshi Furukawa on August 8, 2008 and is headquartered in Tokyo, Japan.