Safeguard Scientifics (NYSE:SFE) Shares Pass Above 200 Day Moving Average of $7.36

Safeguard Scientifics, Inc. (NYSE:SFE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.36 and traded as high as $8.76. Safeguard Scientifics shares last traded at $8.67, with a volume of 64,714 shares traded.

The stock has a 50 day simple moving average of $7.97 and a two-hundred day simple moving average of $7.36. The company has a market cap of $180.37 million, a price-to-earnings ratio of 33.35 and a beta of 1.14.

Safeguard Scientifics (NYSE:SFE) last announced its quarterly earnings results on Thursday, August 12th. The asset manager reported ($0.37) EPS for the quarter.

Several institutional investors have recently made changes to their positions in SFE. BNP Paribas Arbitrage SA lifted its stake in shares of Safeguard Scientifics by 57.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,463 shares of the asset manager’s stock valued at $58,000 after purchasing an additional 3,074 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Safeguard Scientifics by 3.0% in the 1st quarter. BlackRock Inc. now owns 1,781,654 shares of the asset manager’s stock valued at $12,151,000 after purchasing an additional 51,410 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Safeguard Scientifics in the 1st quarter valued at $162,000. Clayton Partners LLC acquired a new position in shares of Safeguard Scientifics in the 1st quarter valued at $4,777,000. Finally, CM Management LLC raised its holdings in shares of Safeguard Scientifics by 10.0% in the 1st quarter. CM Management LLC now owns 550,000 shares of the asset manager’s stock valued at $3,751,000 after buying an additional 50,000 shares during the period. 56.85% of the stock is currently owned by institutional investors and hedge funds.

Safeguard Scientifics Company Profile (NYSE:SFE)

Safeguard Scientifics, Inc engages in the provision capital to technology-driven businesses in healthcare, financial services, and digital media. The company was founded by Warren V. Musser and Frank A. Diamond in 1953 and is headquartered in Radnor, PA.

Further Reading: When can a hold rating present a buying opportunity?

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