2,617,239 Shares in Eightco Holdings Inc. $ORBS Purchased by UBS Group AG

UBS Group AG bought a new position in Eightco Holdings Inc. (NASDAQ:ORBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,617,239 shares of the company’s stock, valued at approximately $4,528,000.

Separately, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Eightco in the fourth quarter worth about $153,000. Institutional investors own 12.85% of the company’s stock.

Eightco Stock Up 3.8%

NASDAQ ORBS opened at $0.94 on Friday. The company has a market capitalization of $366.55 million, a PE ratio of -1.60 and a beta of 1.98. Eightco Holdings Inc. has a 1 year low of $0.72 and a 1 year high of $83.12. The business has a 50-day simple moving average of $0.93.

Eightco (NASDAQ:ORBS) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($2.39) EPS for the quarter. The company had revenue of $10.19 million during the quarter. Eightco had a negative return on equity of 111.48% and a negative net margin of 1,095.69%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Eightco from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Eightco Company Profile

Eightco Holdings Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.