Roth Mkm Initiates Coverage on MultiSensor AI (NASDAQ:MSAI)

Analysts at Roth Mkm started coverage on shares of MultiSensor AI (NASDAQ:MSAI) in a report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Roth Mkm’s price target points to a potential upside of 173.97% from the company’s current price.

MultiSensor AI Price Performance

MSAI stock opened at $2.92 on Monday. MultiSensor AI has a one year low of $1.89 and a one year high of $14.00. The business has a 50 day moving average of $2.68.

Institutional Investors Weigh In On MultiSensor AI

An institutional investor recently bought a new position in MultiSensor AI stock. Sanders Morris Harris LLC purchased a new stake in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 445,195 shares of the company’s stock, valued at approximately $1,006,000. Sanders Morris Harris LLC owned 8.59% of MultiSensor AI as of its most recent SEC filing. 82.32% of the stock is currently owned by institutional investors.

MultiSensor AI Company Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.