Exyn Technologies (NASDAQ:EXYN) Stock Falls 3.1% – What’s Next?

Exyn Technologies, Inc. (NASDAQ:EXYN) shares traded down 3.1% during trading on Wednesday. The company traded as low as $2.43 and last traded at $2.51. 45,039 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 517,412 shares. The stock had previously closed at $2.59.

Analyst Ratings Changes

Several research firms have recently issued reports on EXYN. Weiss Ratings began coverage on Exyn Technologies in a research report on Monday, August 24th. They issued a “sell (e-)” rating for the company. Wall Street Zen downgraded shares of Exyn Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Exyn Technologies has a consensus rating of “Sell”.

Exyn Technologies Price Performance

The business’s 50 day simple moving average is $2.65.

Exyn Technologies (NASDAQ:EXYN) last posted its quarterly earnings results on Thursday, August 20th. The company reported ($1.55) earnings per share for the quarter. The firm had revenue of $0.95 million during the quarter.

Hedge Funds Weigh In On Exyn Technologies

A hedge fund recently bought a new stake in Exyn Technologies stock. Alyeska Investment Group L.P. purchased a new stake in shares of Exyn Technologies, Inc. (NASDAQ:EXYN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 387,000 shares of the company’s stock, valued at approximately $2,012,000.

Exyn Technologies, Inc is a technology company in the Electronic Equipment & Instruments industry.