Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Makes New Investment in Odysight.ai Inc. (NASDAQ:ODYS)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD has taken a new position in Odysight.ai Inc. by acquiring 196,000 shares valued at approximately $1.375 million, representing about 1.20% of the company's stock.
• Odysight.ai reported a negative EPS of ($0.29) and a revenue of $2.07 million for the most recent quarter, as well as a negative net margin of 220.30%.
• Benchmark has initiated coverage on Odysight.ai with a buy rating and a price target of $10.00.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Odysight.ai Inc. (NASDAQ:ODYS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 196,000 shares of the company's stock, valued at approximately $1,375,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD owned about 1.20% of Odysight.ai as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ODYS. Phoenix Financial Ltd. bought a new position in shares of Odysight.ai during the 1st quarter valued at approximately $15,263,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Odysight.ai during the 1st quarter valued at approximately $4,383,000. Hohimer Wealth Management LLC bought a new position in shares of Odysight.ai during the 1st quarter valued at approximately $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Odysight.ai during the 1st quarter valued at approximately $82,000. Hedge funds and other institutional investors own 19.67% of the company's stock.

Insider Activity

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the sale, the insider owned 715,140 shares of the company's stock, valued at $3,783,090.60. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 10,550 shares of company stock worth $55,231.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on Odysight.ai in a report on Wednesday, April 2nd. They set a "buy" rating and a $10.00 price target on the stock.

Odysight.ai Stock Down 3.4%

ODYS stock traded down $0.16 during midday trading on Wednesday, reaching $4.52. The company's stock had a trading volume of 3,394 shares, compared to its average volume of 19,774. The company's fifty day moving average price is $5.01. Odysight.ai Inc. has a 1 year low of $4.00 and a 1 year high of $10.80. The stock has a market cap of $73.77 million, a price-to-earnings ratio of -4.43 and a beta of 0.38.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter. Odysight.ai had a negative return on equity of 58.27% and a negative net margin of 220.30%. The firm had revenue of $2.07 million for the quarter.

Odysight.ai Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.