Know Labs (NYSEAMERICAN:KNW) Stock Price Up 20.7% – Here’s Why

Know Labs, Inc. (NYSEAMERICAN:KNW)’s share price was up 20.7% during mid-day trading on Tuesday . The company traded as high as $0.19 and last traded at $0.19. Approximately 6,570,850 shares traded hands during trading, a decline of 45% from the average daily volume of 11,854,487 shares. The stock had previously closed at $0.16.

Know Labs Trading Down 13.3 %

The stock has a market capitalization of $17.75 million, a P/E ratio of -0.82 and a beta of 1.50.

Hedge Funds Weigh In On Know Labs

An institutional investor recently raised its position in Know Labs stock. PFG Investments LLC grew its stake in shares of Know Labs, Inc. (NYSEAMERICAN:KNW) by 886.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 976,838 shares of the company’s stock after acquiring an additional 877,838 shares during the period. PFG Investments LLC owned about 0.98% of Know Labs worth $280,000 at the end of the most recent reporting period. 23.96% of the stock is owned by hedge funds and other institutional investors.

About Know Labs

Know Labs, Inc, together with its subsidiaries, focuses on the development and commercialization of proprietary sensor technology by radio and microwave spectroscopy in the United States. The company's proprietary platform technologies include ChromaID and Bio-RFID technologies that utilizes electromagnetic energy to detect, record, identify, and measure the signature of said materials or analytes.