Silynxcom (NYSEAMERICAN:SYNX) Shares Down 6.3% – Here’s What Happened

Shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) traded down 6.3% during trading on Tuesday . The stock traded as low as $1.04 and last traded at $1.04. 39,991 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 104,549 shares. The stock had previously closed at $1.11.

Silynxcom Stock Up 5.7%

The company’s fifty day moving average price is $1.16 and its 200 day moving average price is $1.09.

Silynxcom (NYSEAMERICAN:SYNX) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $1.77 million for the quarter.

Hedge Funds Weigh In On Silynxcom

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned 0.95% of Silynxcom as of its most recent filing with the Securities & Exchange Commission.

About Silynxcom

Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.