Satellogic Inc. (NASDAQ:SATL – Get Rating)'s share price traded down 4.7% during mid-day trading on Thursday . The company traded as low as $3.24 and last traded at $3.47. 19,056 shares traded hands during trading, a decline of 43% from the average session volume of 33,296 shares. The stock had previously closed at $3.64.

Satellogic Trading Down 4.7 %

The stock's fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.34.

Institutional Investors Weigh In On Satellogic

A number of hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new stake in Satellogic during the 1st quarter worth approximately $6,420,000. Millennium Management LLC acquired a new stake in Satellogic during the 2nd quarter worth approximately $355,000. Finally, UBS Group AG acquired a new stake in Satellogic during the 1st quarter worth approximately $68,000. 15.56% of the stock is currently owned by institutional investors and hedge funds.

Satellogic Company Profile

Satellogic Inc builds and operates nano satellites for commercial-grade Earth observation in real-time. It offers data streams that are used in decision-making processes for various branches of government, organizations, businesses, and individuals. Its satellites are used for applications in agriculture, pipeline monitoring, critical infrastructure monitoring, disaster response, illegal logging, border patrol, port security, and other applications.

Read More

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