Knightscope (NASDAQ:KSCP) Shares Scheduled to Reverse Split on Friday, September 13th

Knightscope, Inc. (NASDAQ:KSCP) shares are scheduled to reverse split before the market opens on Friday, September 13th. The 1-50 reverse split was announced on Wednesday, September 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, September 12th.

Knightscope Trading Down 12.3 %

Shares of Knightscope stock traded down $0.03 during mid-day trading on Wednesday, hitting $0.20. The stock had a trading volume of 3,816,925 shares, compared to its average volume of 1,959,639. The firm has a 50-day moving average of $0.24 and a two-hundred day moving average of $0.36. The firm has a market cap of $23.19 million, a P/E ratio of -0.60 and a beta of 1.90. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 0.35. Knightscope has a 12-month low of $0.18 and a 12-month high of $1.09.

Knightscope (NASDAQ:KSCP) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter. The company had revenue of $3.20 million during the quarter.

Institutional Investors Weigh In On Knightscope

An institutional investor recently bought a new position in Knightscope stock. Traynor Capital Management Inc. acquired a new stake in Knightscope, Inc. (NASDAQ:KSCP) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 100,001 shares of the company’s stock, valued at approximately $50,000. Traynor Capital Management Inc. owned approximately 0.11% of Knightscope as of its most recent filing with the Securities & Exchange Commission. 14.61% of the stock is currently owned by hedge funds and other institutional investors.

About Knightscope

Knightscope, Inc designs, develops, manufactures, markets, deploys, and supports autonomous security robots (ASR) in the United States. Its products include K3 and K5 ASRs designed to roam a geo-fenced area autonomously by utilizing numerous sensors and lasers, either on a random basis or based on a particular patrolling algorithm to navigate around people, vehicles, and objects in dynamic indoor or outdoor environments; K1, an ASR for used in indoors or outdoors and at ingress/egress points for both people and vehicles; and K7, a multi-terrain ASR.