N2OFF (NASDAQ:NITO) Shares Down 3.8% – What’s Next?

N2OFF, Inc. (NASDAQ:NITO)’s share price dropped 3.8% during mid-day trading on Thursday . The company traded as low as $2.54 and last traded at $2.54. Approximately 10,182 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 17,750 shares. The stock had previously closed at $2.64.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NITO. Weiss Ratings restated a “sell (e+)” rating on shares of N2OFF in a report on Wednesday, October 8th. Wall Street Zen upgraded N2OFF to a “sell” rating in a research report on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, N2OFF currently has a consensus rating of “Sell”.

N2OFF Trading Up 1.2%

The business has a 50 day moving average of $3.23 and a 200-day moving average of $6.19. The stock has a market cap of $6.96 million, a PE ratio of -0.08 and a beta of 1.63.

N2OFF (NASDAQ:NITO) last released its quarterly earnings results on Thursday, November 13th. The company reported ($8.29) earnings per share for the quarter. N2OFF had a negative return on equity of 223.40% and a negative net margin of 2,420.69%.The company had revenue of $0.07 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in N2OFF stock. Yorkville Advisors Global LP purchased a new position in shares of N2OFF, Inc. (NASDAQ:NITO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 34,980 shares of the company’s stock, valued at approximately $130,000. N2OFF makes up about 0.0% of Yorkville Advisors Global LP’s holdings, making the stock its 25th biggest holding. Yorkville Advisors Global LP owned approximately 3.68% of N2OFF at the end of the most recent quarter. 61.24% of the stock is owned by institutional investors and hedge funds.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.