Ondas (NASDAQ:ONDS) Trading Up 7.1%

Ondas Holdings Inc. (NASDAQ:ONDS – Get Rating)’s share price was up 7.1% on Friday . The company traded as high as $1.00 and last traded at $0.96. Approximately 769,522 shares changed hands during trading, an increase of 90% from the average daily volume of 405,869 shares. The stock had previously closed at $0.90.

Analyst Upgrades and Downgrades

Separately, Oppenheimer downgraded shares of Ondas from an “outperform” rating to a “market perform” rating in a report on Friday, March 17th.

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Ondas Stock Performance

The stock’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $2.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.56 and a current ratio of 1.66. The company has a market cap of $47.11 million, a P/E ratio of -0.56 and a beta of 0.24.

Insider Transactions at Ondas

In other news, Director Thomas Bushey sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $1.28, for a total transaction of $96,000.00. Following the completion of the sale, the director now owns 252,642 shares of the company’s stock, valued at approximately $323,381.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.10% of the stock is currently owned by insiders.

Institutional Trading of Ondas

A number of hedge funds have recently added to or reduced their stakes in ONDS. Daiwa Securities Group Inc. acquired a new stake in Ondas in the third quarter valued at approximately $33,000. Squarepoint Ops LLC acquired a new stake in Ondas in the fourth quarter valued at approximately $39,000. Atom Investors LP acquired a new stake in Ondas in the third quarter valued at approximately $44,000. LPL Financial LLC boosted its position in Ondas by 30.5% in the fourth quarter. LPL Financial LLC now owns 29,138 shares of the company’s stock valued at $46,000 after buying an additional 6,809 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Ondas by 89.3% in the fourth quarter. Bank of America Corp DE now owns 34,863 shares of the company’s stock valued at $55,000 after buying an additional 16,446 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

About Ondas

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Ondas Holdings, Inc engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The Ondas Networks segment provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services.

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