Jason Industries (NASDAQ:JASN) Sees Large Volume Increase

Jason Industries Inc (NASDAQ:JASN) saw unusually-strong trading volume on Wednesday . Approximately 2,190,886 shares traded hands during mid-day trading, an increase of 1,043% from the previous session’s volume of 191,676 shares.The stock last traded at $0.23 and had previously closed at $0.16.

The business’s 50 day simple moving average is $0.23 and its 200 day simple moving average is $0.51.

A hedge fund recently bought a new stake in Jason Industries stock. River & Mercantile Asset Management LLP purchased a new position in shares of Jason Industries Inc (NASDAQ:JASN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 430,034 shares of the technology company’s stock, valued at approximately $280,000. River & Mercantile Asset Management LLP owned 1.53% of Jason Industries at the end of the most recent quarter. Institutional investors and hedge funds own 27.92% of the company’s stock.

About Jason Industries (NASDAQ:JASN)

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

Featured Article: What is a Lock-Up Period?

Receive News & Ratings for Jason Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jason Industries and related companies with MarketBeat.com's FREE daily email newsletter.