MultiSensor AI (NASDAQ:MSAI) Trading Down 0.2% – Should You Sell?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) shares traded down 0.2% during mid-day trading on Monday . The company traded as low as $0.81 and last traded at $0.81. 41,770 shares were traded during mid-day trading, a decline of 87% from the average session volume of 317,071 shares. The stock had previously closed at $0.81.

Wall Street Analyst Weigh In

Separately, D. Boral Capital reiterated a “buy” rating and set a $2.50 price target on shares of MultiSensor AI in a research note on Tuesday, April 1st.

MultiSensor AI Stock Down 0.5 %

The business’s fifty day moving average price is $1.08 and its 200 day moving average price is $1.49.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in MultiSensor AI during the fourth quarter worth about $25,000. Cherrydale Wealth Management LLC purchased a new position in MultiSensor AI during the fourth quarter worth approximately $138,000. 272 Capital LP acquired a new position in shares of MultiSensor AI in the 3rd quarter valued at $243,000. Finally, Geode Capital Management LLC increased its holdings in shares of MultiSensor AI by 149.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock worth $279,000 after buying an additional 77,497 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.