Insider Selling: My Size, Inc. (NASDAQ:MYSZ) CEO Sells 6,000 Shares of Stock

My Size, Inc. (NASDAQ:MYSZ) CEO Ronen Luzon sold 6,000 shares of My Size stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $5.21, for a total transaction of $31,260.00. Following the completion of the sale, the chief executive officer now directly owns 44,000 shares of the company’s stock, valued at approximately $229,240. This trade represents a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

My Size Trading Down 2.7 %

Shares of MYSZ stock opened at $4.25 on Friday. My Size, Inc. has a 1 year low of $1.05 and a 1 year high of $9.40. The firm has a fifty day moving average price of $2.03 and a 200-day moving average price of $2.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 1.56. The company has a market cap of $5.36 million, a price-to-earnings ratio of -0.62 and a beta of 0.93.

Institutional Investors Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. Armistice Capital LLC acquired a new stake in shares of My Size, Inc. (NASDAQ:MYSZ) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,000 shares of the company’s stock, valued at approximately $69,000. Armistice Capital LLC owned 4.06% of My Size at the end of the most recent reporting period. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright cut their target price on shares of My Size from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, November 18th.

About My Size

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.