Silynxcom (NYSEAMERICAN:SYNX) Trading Down 2.4% – What’s Next?

Shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX – Get Free Report) fell 2.4% during trading on Monday . The stock traded as low as $1.18 and last traded at $1.21. 35,040 shares traded hands during trading, a decline of 68% from the average session volume of 108,787 shares. The stock had previously closed at $1.24.

Silynxcom Stock Performance

The firm’s 50-day moving average is $1.15 and its 200 day moving average is $1.13.

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Silynxcom (NYSEAMERICAN:SYNX – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $1.77 million for the quarter.

Institutional Investors Weigh In On Silynxcom

A hedge fund recently bought a new stake in Silynxcom stock. Thompson Davis & CO. Inc. acquired a new position in shares of Silynxcom Ltd. (NYSEAMERICAN:SYNX – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,999 shares of the company’s stock, valued at approximately $52,000. Thompson Davis & CO. Inc. owned 0.95% of Silynxcom as of its most recent SEC filing.

About Silynxcom

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Silynxcom Ltd. is involved in developing, manufacturing, marketing and selling ruggedized tactical communication headset devices as well as other communication accessories. Silynxcom Ltd. is based in Netanya, Israel.

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