Shares last traded at $3.39 a bit higher than the 50 day moving average which is $3.10 and just below the 200 day moving average of $3.47. The 50 day moving average was up by +9.30% whereas the 200 day average was down by -2.26%. Trading volume for Kingtone Wirelessinfo Solution was 16K on Tuesday. Overall, volume was up 15.07% over the stocks normal daily volume.
Traders are a little more bearish of late if you take note of the rise in short interest. The stock had a rise in short interest of 4.69% between September 29, 2017 and October 13, 2017. Short interest increased 1,685 over that period. With short interest at 37,644 and short average daily volume at 14,395, days to cover is 3.0 and the percentage of shorted shares is 0.03% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (KONE). As of the end of the quarter Morgan Stanley had bought 425 shares growing its position 54.8%. The value of the total investment in Kingtone Wirelessinfo Solution went from $3,000 to $4,000 a change of $1,000 for the reporting period. As of quarter end Ubs Group Ag had disposed of a total of 15,032 shares trimming its stake by 85.3%. The value of the investment in (KONE) decreased from $61,000 to $10,000 decreasing 83.6% quarter to quarter.
The most current P/E ratio is 17.04 and the market cap of the company is 4.76M.
Kingtone Wirelessinfo Solution Holding Ltd, launched on October 27, 2009, is a holding company. The Company is a developer and provider of mobile enterprise solutions. The Business’s mobile enterprise solutions allow company personnel whose work function requires mobility to be connected with enterprise information technology (IT) systems, including Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP), Supply Chain Management (SCM) and Customer Relationship Management (CRM). The Business’s software enables these systems to get extended to personnel in the field using wireless devices, such as smart phones, Personal Digital Assistant (PDA), cameras, barcode scanners, portable printers, global positioning system (GPS) devices and tablet computers. Its mobile enterprise solutions also contain custom software applications for specific industries and businesses. The Business’s subsidiaries include Topsky Info-tech Holdings Pte Ltd. and Xi’an Softech Co., Ltd..