KWESST Micro Systems (NASDAQ:KWE) Shares Down 3.6%

KWESST Micro Systems Inc. (NASDAQ:KWE) shares traded down 3.6% on Thursday . The stock traded as low as $0.31 and last traded at $0.32. 381,372 shares changed hands during trading, an increase of 201% from the average session volume of 126,760 shares. The stock had previously closed at $0.33.

KWESST Micro Systems Trading Down 3.6 %

The firm has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $1.03. The company has a market capitalization of $2.41 million, a price-to-earnings ratio of -0.25 and a beta of 1.65.

Institutional Investors Weigh In On KWESST Micro Systems

A hedge fund recently raised its stake in KWESST Micro Systems stock. Worth Venture Partners LLC increased its holdings in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) by 91.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 283,767 shares of the company’s stock after acquiring an additional 135,239 shares during the period. Worth Venture Partners LLC owned approximately 6.97% of KWESST Micro Systems worth $477,000 as of its most recent SEC filing. 21.39% of the stock is currently owned by hedge funds and other institutional investors.

About KWESST Micro Systems

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.