Senseonics (NYSEAMERICAN:SENS) Share Price Crosses Below 50 Day Moving Average of $1.59

Senseonics Holdings, Inc. (NYSEAMERICAN:SENS – Get Rating) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.59 and traded as low as $0.82. Senseonics shares last traded at $0.82, with a volume of 7,612,011 shares changing hands.

Senseonics Stock Down 2.4 %

The business has a fifty day moving average of $1.59. The company has a quick ratio of 2.81, a current ratio of 2.94 and a debt-to-equity ratio of 3.18.

Hedge Funds Weigh In On Senseonics

Hedge funds have recently added to or reduced their stakes in the company. Financial Advocates Investment Management acquired a new position in Senseonics in the third quarter worth approximately $25,000. Barclays PLC increased its holdings in Senseonics by 105.2% in the third quarter. Barclays PLC now owns 19,422 shares of the company’s stock worth $26,000 after buying an additional 396,429 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Senseonics in the third quarter worth approximately $26,000. Destiny Wealth Partners LLC acquired a new position in Senseonics in the third quarter worth approximately $26,000. Finally, Eaton Vance Management increased its holdings in Senseonics by 100.0% in the first quarter. Eaton Vance Management now owns 20,000 shares of the company’s stock worth $39,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 23.34% of the company’s stock.

Senseonics Company Profile

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Senseonics Holdings, Inc engages in the design, development, and commercialization of an implantable continuous glucose monitoring system for people with diabetes. Its primary product is the brand Eversense, a glucose monitoring device which includes sensors, smart transmitters, and mobile applications.