Edison Nation (NASDAQ:EDNT) Sees Large Volume Increase

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Edison Nation Inc (NASDAQ:EDNT) saw unusually-strong trading volume on Wednesday . Approximately 2,147,600 shares traded hands during trading, an increase of 5,123% from the previous session’s volume of 41,117 shares.The stock last traded at $1.75 and had previously closed at $1.64.

The firm has a fifty day moving average price of $1.98 and a 200 day moving average price of $2.31.

Edison Nation (NASDAQ:EDNT) last announced its quarterly earnings data on Friday, November 15th. The company reported ($0.44) earnings per share (EPS) for the quarter. The company had revenue of $3.53 million for the quarter.

An institutional investor recently bought a new position in Edison Nation stock. Citadel Advisors LLC purchased a new stake in Edison Nation Inc (NASDAQ:EDNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 15,618 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.27% of Edison Nation at the end of the most recent reporting period. 0.42% of the stock is owned by institutional investors.

About Edison Nation (NASDAQ:EDNT)

Edison Nation, Inc, through its subsidiaries, primarily designs, manufactures, and sells various toy products directly to retailers or direct to consumers via e-commerce in North America, Asia, and Europe. It operates through two segments, Consumer Goods and Packaging Materials. The company produces battery-operated products for theme parks and entertainment venues; and party-related and arts and crafts-related items to retailers.

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