Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Trading Down 2.1% – What’s Next?

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX)’s stock price traded down 2.1% during trading on Thursday . The company traded as low as $1.36 and last traded at $1.40. Approximately 17,584 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 88,698 shares. The stock had previously closed at $1.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

The stock has a market capitalization of $2.27 million, a price-to-earnings ratio of -0.06 and a beta of 0.65. The company has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $2.37.

Institutional Trading of Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new position in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP bought a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up 0.1% of Yorkville Advisors Global LP’s portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned approximately 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. Hedge funds and other institutional investors own 23.45% of the company’s stock.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. is an Israel?based technology company specializing in advanced vision and sensing systems for driver assistance and autonomous vehicles. Incorporated in Israel, the company was established to address the growing demand for vision?first safety solutions within the automotive industry.

Foresight markets two core product lines: a stereo?camera platform that uses depth perception and image segmentation to detect pedestrians, vehicles and obstacles in real time, and iDAR, an “intelligent detection and ranging” system that blends LiDAR?style distance measurement with software-driven image analysis.