FiscalNote (OTCMKTS:NOTE) Stock Passes Above 50-Day Moving Average of $1.89

FiscalNote Holdings, Inc. (OTCMKTS:NOTE – Get Rating) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.89 and traded as high as $2.44. FiscalNote shares last traded at $1.99, with a volume of 12,158,637 shares traded.

FiscalNote Stock Up 23.6 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.38 and a quick ratio of 1.38. The company’s 50 day simple moving average is $1.89 and its 200-day simple moving average is $3.97.

FiscalNote (OTCMKTS:NOTE – Get Rating) last announced its quarterly earnings data on Tuesday, March 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The business had revenue of $31.45 million for the quarter, compared to analyst estimates of $31.47 million. On average, sell-side analysts predict that FiscalNote Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Trading of FiscalNote

Several institutional investors and hedge funds have recently modified their holdings of NOTE. Victory Capital Management Inc. bought a new stake in shares of FiscalNote during the fourth quarter valued at approximately $41,000. Citigroup Inc. bought a new stake in shares of FiscalNote during the fourth quarter valued at approximately $51,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in FiscalNote in the first quarter worth approximately $61,000. Virtu Financial LLC bought a new position in FiscalNote in the third quarter worth approximately $80,000. Finally, Citadel Advisors LLC bought a new position in FiscalNote in the third quarter worth approximately $94,000. Institutional investors own 67.18% of the company’s stock.

About FiscalNote

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FiscalNote Holdings Inc operates as technology and data company that delivers critical legal data and insights worldwide. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.