Microbot Medical Inc (NASDAQ:MBOT)’s share price was down 1.2% on Friday . The company traded as low as $5.07 and last traded at $5.09. Approximately 266 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 49,291 shares. The stock had previously closed at $5.15.
The firm has a market capitalization of $21.54 million, a price-to-earnings ratio of -2.07 and a beta of 5.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.96 and a quick ratio of 2.96.
A number of institutional investors have recently added to or reduced their stakes in MBOT. Morgan Stanley increased its stake in Microbot Medical by 491.7% in the first quarter. Morgan Stanley now owns 3,568 shares of the biotechnology company’s stock valued at $28,000 after purchasing an additional 2,965 shares during the last quarter. Geode Capital Management LLC acquired a new position in Microbot Medical in the fourth quarter valued at $38,000. BlackRock Inc. increased its stake in Microbot Medical by 3,478.9% in the first quarter. BlackRock Inc. now owns 173,614 shares of the biotechnology company’s stock valued at $1,345,000 after purchasing an additional 168,763 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Microbot Medical by 184.8% in the first quarter. Renaissance Technologies LLC now owns 196,049 shares of the biotechnology company’s stock valued at $1,519,000 after purchasing an additional 127,200 shares during the last quarter. Hedge funds and other institutional investors own 14.00% of the company’s stock.
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Microbot Medical Inc, a pre-clinical medical device company, researches, designs, and develops micro-robotics assisted medical technologies targeting the minimally invasive surgery space. The company, through its ViRob and TipCAT micro-robotic technologies, is developing two product candidates, including the Self Cleaning Shunt for the treatment of hydrocephalus and normal pressure hydrocephalus; and a self-propelling, semi-disposable endoscope, which is used in colonoscopy procedures.
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