N2OFF (NASDAQ:NITO) Trading Up 5.4% – Still a Buy?

N2OFF, Inc. (NASDAQ:NITO)’s share price traded up 5.4% on Tuesday . The company traded as high as $1.00 and last traded at $0.9828. 42,228 shares traded hands during trading, a decline of 81% from the average session volume of 222,978 shares. The stock had previously closed at $0.9324.

N2OFF Trading Down 0.0%

The business’s fifty day moving average is $1.34 and its 200 day moving average is $3.40. The company has a market cap of $2.52 million, a P/E ratio of -0.03 and a beta of 1.66.

Institutional Investors Weigh In On N2OFF

An institutional investor recently bought a new position in N2OFF stock. DRW Securities LLC acquired a new stake in shares of N2OFF, Inc. (NASDAQ:NITO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,363 shares of the company’s stock, valued at approximately $44,000. DRW Securities LLC owned about 0.97% of N2OFF as of its most recent SEC filing. Institutional investors and hedge funds own 61.24% of the company’s stock.

N2OFF Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.