Markforged (NYSE:MKFG) Trading 2.9% Higher – Here’s Why

Shares of Markforged Holding Co. (NYSE:MKFG) traded up 2.9% during mid-day trading on Thursday . The company traded as high as $2.83 and last traded at $2.81. 28,431 shares were traded during trading, a decline of 75% from the average session volume of 113,403 shares. The stock had previously closed at $2.73.

Markforged Trading Up 7.3 %

The stock has a market capitalization of $60.62 million, a P/E ratio of -0.68 and a beta of 1.50. The stock has a 50 day moving average of $2.87 and a 200-day moving average of $3.47.

Institutional Investors Weigh In On Markforged

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp grew its position in shares of Markforged by 19.9% in the fourth quarter. Northern Trust Corp now owns 27,220 shares of the company’s stock valued at $85,000 after purchasing an additional 4,511 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Markforged by 336.2% in the fourth quarter. Wolverine Asset Management LLC now owns 32,731 shares of the company’s stock valued at $103,000 after purchasing an additional 25,228 shares during the period. Virtu Financial LLC purchased a new stake in Markforged during the 4th quarter worth about $116,000. Squarepoint Ops LLC increased its position in shares of Markforged by 182.7% in the 4th quarter. Squarepoint Ops LLC now owns 37,618 shares of the company’s stock valued at $118,000 after purchasing an additional 24,309 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Markforged by 104.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,639 shares of the company’s stock valued at $137,000 after purchasing an additional 22,300 shares in the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.

Markforged Company Profile

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.