Steel Connect (NASDAQ:STCN) Shares Cross Below 200-Day Moving Average of $9.54

Shares of Steel Connect, Inc. (NASDAQ:STCN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.54 and traded as low as $9.42. Steel Connect shares last traded at $9.50, with a volume of 8,435 shares changing hands.

Steel Connect Stock Performance

The company has a market cap of $59.69 million, a P/E ratio of 9.55 and a beta of 0.32. The stock has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.54.

Institutional Investors Weigh In On Steel Connect

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centiva Capital LP acquired a new position in shares of Steel Connect in the 4th quarter worth approximately $29,000. Charles Schwab Investment Management Inc. acquired a new stake in Steel Connect during the 1st quarter worth about $33,000. Jane Street Group LLC acquired a new position in shares of Steel Connect in the 3rd quarter valued at about $47,000. Virtu Financial LLC purchased a new stake in shares of Steel Connect in the second quarter worth approximately $60,000. Finally, CSS LLC IL boosted its holdings in shares of Steel Connect by 86.2% during the fourth quarter. CSS LLC IL now owns 45,358 shares of the technology company’s stock worth $65,000 after purchasing an additional 21,000 shares during the period. 47.28% of the stock is currently owned by institutional investors.

About Steel Connect

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.