Helios and Matheson Analytics (HMNY) Sees Unusually-High Trading Volume

Helios and Matheson Analytics Inc (NASDAQ:HMNY) shares saw an uptick in trading volume on Tuesday . 13,930,373 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 7,384,367 shares.The stock last traded at $9.77 and had previously closed at $8.27.

Separately, Maxim Group set a $25.00 target price on shares of Helios and Matheson Analytics and gave the company a “buy” rating in a research note on Thursday, November 16th.

The company has a market capitalization of $229.41, a P/E ratio of -1.04 and a beta of 0.52.

In other news, Director Muralikrishna Gadiyaram sold 170,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $13.00, for a total value of $2,210,000.00. Following the sale, the director now owns 750,000 shares in the company, valued at approximately $9,750,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 29.00% of the company’s stock.

A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC bought a new stake in Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics makes up 0.5% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 29th biggest position. Phoenix Investment Adviser LLC owned approximately 0.48% of Helios and Matheson Analytics as of its most recent filing with the SEC. Institutional investors own 1.46% of the company’s stock.

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About Helios and Matheson Analytics

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

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