Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX)’s stock price shot up 4.8% during mid-day trading on Monday . The stock traded as high as $3.34 and last traded at $3.25. 1,944,937 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 4,321,957 shares. The stock had previously closed at $3.10.
Separately, Alliance Global Partners raised their price objective on Foresight Autonomous from $5.25 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, June 17th.
The firm has a 50 day moving average price of $3.27 and a 200 day moving average price of $4.25.
A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in Foresight Autonomous during the first quarter valued at $41,000. Royal Bank of Canada bought a new position in Foresight Autonomous during the first quarter valued at $44,000. Jump Financial LLC bought a new position in Foresight Autonomous during the second quarter valued at $77,000. Paloma Partners Management Co bought a new position in Foresight Autonomous during the first quarter valued at $78,000. Finally, Atom Investors LP lifted its holdings in shares of Foresight Autonomous by 21.3% in the 2nd quarter. Atom Investors LP now owns 21,210 shares of the company’s stock worth $90,000 after acquiring an additional 3,730 shares during the last quarter. 11.88% of the stock is currently owned by institutional investors.
About Foresight Autonomous (NASDAQ:FRSX)
Foresight Autonomous Holdings Ltd. engages in the research and development of vehicular accident prevention products. Its product is QuadSight, a multi-spectral vision solution for detection of obstacles in harsh lightining and weather conditions. The company was founded by Haim Siboni on September 19, 1977 and is headquartered in Ness Ziona, Israel.
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