My Size (NASDAQ:MYSZ) Trading Down 4.6% – Here’s Why

My Size, Inc. (NASDAQ:MYSZ)’s share price traded down 4.6% during trading on Friday . The company traded as low as $0.5101 and last traded at $0.5228. 49,124 shares were traded during mid-day trading, a decline of 16% from the average session volume of 58,405 shares. The stock had previously closed at $0.5480.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of My Size in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

My Size Stock Down 4.6%

The firm’s 50-day simple moving average is $0.59 and its 200 day simple moving average is $0.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 1.69. The stock has a market capitalization of $2.52 million, a P/E ratio of -0.30 and a beta of -0.10.

My Size (NASDAQ:MYSZ) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.01. My Size had a negative net margin of 60.99% and a negative return on equity of 105.26%. The firm had revenue of $2.39 million for the quarter, compared to analysts’ expectations of $3.50 million.

Institutional Trading of My Size

A hedge fund recently bought a new stake in My Size stock. Virtu Financial LLC bought a new position in shares of My Size, Inc. (NASDAQ:MYSZ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 32,048 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned approximately 0.98% of My Size as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 27.71% of the company’s stock.

About My Size

My Size, Inc (NASDAQ: MYSZ) is a technology company specializing in mobile measurement and dimensioning solutions designed to optimize online shopping and logistics operations. Leveraging proprietary algorithms and smartphone sensors, the company enables consumers to obtain accurate body measurements and apparel fit recommendations, while also providing carriers and warehouses with automated package dimensioning systems. By addressing pain points related to e-commerce returns and shipping inefficiencies, My Size aims to drive cost savings and improve customer satisfaction across the retail and delivery ecosystems.

The company’s flagship offering, MySizeID™, is a mobile application and software development kit (SDK) that integrates with e-commerce platforms to guide shoppers to the correct garment size.