Know Labs (NYSEAMERICAN:KNW) Stock Price Down 6.5%

Know Labs, Inc. (NYSEAMERICAN:KNW)’s share price was down 6.5% during trading on Wednesday . The company traded as low as $0.61 and last traded at $0.62. Approximately 117,232 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 116,046 shares. The stock had previously closed at $0.67.

Analysts Set New Price Targets

Separately, Benchmark started coverage on Know Labs in a report on Monday, April 8th. They set a “speculative buy” rating and a $1.00 target price on the stock.

Know Labs Stock Performance

The stock has a market cap of $53.44 million, a price-to-earnings ratio of -1.84 and a beta of 1.54.

Institutional Investors Weigh In On Know Labs

Several hedge funds and other institutional investors have recently made changes to their positions in KNW. Foguth Wealth Management LLC. bought a new stake in Know Labs in the first quarter valued at approximately $60,000. PFG Investments LLC acquired a new position in shares of Know Labs in the 1st quarter valued at $113,000. Finally, Callan Capital LLC increased its position in shares of Know Labs by 117.6% in the 4th quarter. Callan Capital LLC now owns 370,000 shares of the company’s stock valued at $188,000 after buying an additional 200,000 shares in the last quarter. 23.96% of the stock is owned by institutional investors and hedge funds.

Know Labs Company Profile

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.