Y.D. More Investments Ltd Invests $11.87 Million in Odysight.ai Inc. (NASDAQ:ODYS)

Key Points

• Y.D. More Investments Ltd has acquired a new position in Odysight.ai, purchasing 1,697,823 shares valued at approximately $11.87 million, making it the firm's 22nd largest holding.
• Several institutional investors have also bought positions in Odysight.ai, with total institutional ownership now at 19.67% of the company.
• Odysight.ai reported a negative earnings per share of ($0.29) for the last quarter, with a negative net margin of 220.30% and revenue of $2.07 million.

Y.D. More Investments Ltd acquired a new stake in Odysight.ai Inc. (NASDAQ:ODYS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,697,823 shares of the company's stock, valued at approximately $11,870,000. Odysight.ai makes up approximately 1.0% of Y.D. More Investments Ltd's portfolio, making the stock its 22nd biggest position. Y.D. More Investments Ltd owned 10.41% of Odysight.ai at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ODYS. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in Odysight.ai during the first quarter worth about $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in Odysight.ai in the 1st quarter worth approximately $4,383,000. Phoenix Financial Ltd. acquired a new stake in Odysight.ai in the 1st quarter worth approximately $15,263,000. Hohimer Wealth Management LLC bought a new position in Odysight.ai in the 1st quarter worth approximately $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Odysight.ai in the 1st quarter worth approximately $82,000. Institutional investors and hedge funds own 19.67% of the company's stock.

Odysight.ai Trading Down 2.3%

ODYS stock traded down $0.10 during trading on Monday, hitting $4.30. The company had a trading volume of 7,891 shares, compared to its average volume of 19,022. The firm's fifty day moving average is $4.87. The stock has a market capitalization of $70.18 million, a P/E ratio of -4.22 and a beta of 0.36. Odysight.ai Inc. has a fifty-two week low of $3.92 and a fifty-two week high of $10.80.

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

Insider Activity

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the completion of the transaction, the insider directly owned 715,140 shares of the company's stock, valued at approximately $3,783,090.60. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 10,550 shares of company stock worth $55,231 in the last ninety days.

Odysight.ai Company 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.