Edison Nation (NASDAQ:EDNT) Sees Large Volume Increase

Edison Nation Inc (NASDAQ:EDNT) saw unusually-strong trading volume on Wednesday . Approximately 2,147,600 shares traded hands during mid-day trading, an increase of 5,123% from the previous session’s volume of 41,117 shares.The stock last traded at $1.75 and had previously closed at $1.64.

The firm has a 50-day moving average of $2.00.

Edison Nation (NASDAQ:EDNT) last announced its quarterly earnings results on Friday, November 15th. The company reported ($0.44) earnings per share for the quarter. The firm had revenue of $3.53 million for the quarter.

A hedge fund recently bought a new stake in Edison Nation stock. Citadel Advisors LLC purchased a new position in Edison Nation Inc (NASDAQ:EDNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,618 shares of the company’s stock, valued at approximately $36,000. Citadel Advisors LLC owned 0.27% of Edison Nation as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.42% of the company’s stock.

About Edison Nation (NASDAQ:EDNT)

Edison Nation, Inc, through its subsidiaries, primarily designs, manufactures, and sells various toy products directly to retailers or direct to consumers via e-commerce in North America, Asia, and Europe. It operates through two segments, Consumer Goods and Packaging Materials. The company produces battery-operated products for theme parks and entertainment venues; and party-related and arts and crafts-related items to retailers.

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