Northann (NYSE:NCL) Trading Down 5.8% – What’s Next?

Northann Corp. (NYSE:NCL) was down 5.8% during mid-day trading on Friday . The stock traded as low as $0.44 and last traded at $0.4770. Approximately 159,937 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 453,602 shares. The stock had previously closed at $0.5062.

Northann Trading Down 5.8%

The firm has a market cap of $5.69 million, a price-to-earnings ratio of -2.38 and a beta of 0.07. The company’s 50-day moving average price is $0.92 and its 200-day moving average price is $2.08. The company has a quick ratio of 0.19, a current ratio of 0.53 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Northann stock. Jane Street Group LLC bought a new position in shares of Northann Corp. (NYSE:NCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 277,227 shares of the company’s stock, valued at approximately $44,000. Jane Street Group LLC owned approximately 0.29% of Northann as of its most recent SEC filing. Institutional investors own 0.34% of the company’s stock.

About Northann

Northann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.