Jason Industries (NASDAQ:JASN) Sees Unusually-High Trading Volume

Jason Industries Inc (NASDAQ:JASN) saw strong trading volume on Wednesday . 2,190,886 shares changed hands during trading, an increase of 1,043% from the previous session’s volume of 191,676 shares.The stock last traded at $0.23 and had previously closed at $0.16.

The company’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.51.

An institutional investor recently bought a new position in Jason Industries stock. River & Mercantile Asset Management LLP purchased a new position in shares of Jason Industries Inc (NASDAQ:JASN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 430,034 shares of the technology company’s stock, valued at approximately $280,000. River & Mercantile Asset Management LLP owned about 1.53% of Jason Industries at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.92% of the company’s stock.

Jason Industries Company Profile (NASDAQ:JASN)

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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