MDB Capital (NASDAQ:MDBH) Stock Price Up 4.8% – Here’s Why

MDB Capital Holdings, LLC (NASDAQ:MDBH)’s share price shot up 4.8% on Wednesday . The stock traded as high as $4.20 and last traded at $4.18. 20,177 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 18,767 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MDB Capital in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

MDB Capital Trading Up 4.8%

The business’s 50-day moving average is $3.55 and its two-hundred day moving average is $4.07. The firm has a market cap of $41.59 million, a P/E ratio of 7.46 and a beta of 1.05.

MDB Capital (NASDAQ:MDBH) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.83) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MDB Capital stock. Raymond James Financial Inc. acquired a new position in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,100 shares of the company’s stock, valued at approximately $27,000. Raymond James Financial Inc. owned about 0.07% of MDB Capital at the end of the most recent reporting period. 0.35% of the stock is owned by institutional investors.

MDB Capital Company Profile

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.