Laird Superfood (NYSEMKT:LSF) Shares Up 2.6%

Laird Superfood, Inc. (NYSEMKT:LSFGet Rating)’s stock price shot up 2.6% during trading on Friday . The stock traded as high as $1.25 and last traded at $1.19. 22,826 shares changed hands during trading, a decline of 55% from the average session volume of 50,343 shares. The stock had previously closed at $1.16.

Laird Superfood Price Performance

The firm’s 50 day moving average is $1.12 and its 200 day moving average is $1.74. The company has a market cap of $10.97 million, a PE ratio of -0.34 and a beta of 0.89.

Hedge Funds Weigh In On Laird Superfood

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in Laird Superfood by 128.7% in the 2nd quarter. Millennium Management LLC now owns 105,301 shares of the company’s stock worth $201,000 after buying an additional 59,258 shares in the last quarter. State Street Corp grew its stake in Laird Superfood by 30.1% in the 1st quarter. State Street Corp now owns 110,254 shares of the company’s stock worth $398,000 after buying an additional 25,540 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Laird Superfood in the 1st quarter worth approximately $489,000. Hedge funds and other institutional investors own 15.07% of the company’s stock.

About Laird Superfood

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Laird Superfood, Inc manufactures and markets plant-based natural and functional food in the United States. It offers powdered and liquid coffee creamers, and hydration and beverage enhancing supplements; hydrate coconut water products, activate daily jumpstart products, activate prebiotic daily greens, renew plant-based proteins, and performance mushroom supplements; coffee, tea, hot chocolate products; and Pili nuts and Harvest dates.

Further Reading

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