Soliton (NASDAQ:SOLY) Sees Strong Trading Volume

Soliton Inc (NASDAQ:SOLY) shares saw unusually-strong trading volume on Monday . Approximately 712,166 shares were traded during trading, a decline of 26% from the previous session’s volume of 956,024 shares.The stock last traded at $14.42 and had previously closed at $13.20.

Separately, ValuEngine downgraded shares of Soliton from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

The business’s 50-day simple moving average is $12.56 and its two-hundred day simple moving average is $12.79.

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Soliton during the 2nd quarter worth approximately $32,000. Bank of Montreal Can acquired a new stake in shares of Soliton during the 2nd quarter worth approximately $91,000. Royal Bank of Canada acquired a new stake in shares of Soliton during the 2nd quarter worth approximately $96,000. Morgan Stanley acquired a new stake in shares of Soliton during the 2nd quarter worth approximately $121,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Soliton during the 2nd quarter worth approximately $194,000. 3.53% of the stock is owned by institutional investors.

Soliton Company Profile (NASDAQ:SOLY)

Soliton, Inc, an early stage medical device company, focuses on developing and commercializing products using a proprietary rapid acoustic pulse technology platform. It offers a device for the removal of tattoos. The company was founded in 2012 and is headquartered in Houston, Texas.

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