R Janet Whitmore Buys 19,789 Shares of Solesence (NASDAQ:SLSN) Stock

Solesence, Inc. (NASDAQ:SLSN) Director R Janet Whitmore bought 19,789 shares of the stock in a transaction dated Friday, November 14th. The stock was bought at an average price of $1.73 per share, with a total value of $34,234.97. Following the acquisition, the director owned 2,068,931 shares in the company, valued at approximately $3,579,250.63. This represents a 0.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

R Janet Whitmore also recently made the following trade(s):

• On Wednesday, November 19th, R Janet Whitmore purchased 10,000 shares of Solesence stock. The shares were bought at an average price of $1.92 per share, for a total transaction of $19,200.00.
• On Tuesday, November 18th, R Janet Whitmore purchased 267 shares of Solesence stock. The stock was bought at an average cost of $1.83 per share, with a total value of $488.61.
• On Monday, November 17th, R Janet Whitmore acquired 5,000 shares of Solesence stock. The shares were purchased at an average cost of $1.87 per share, for a total transaction of $9,350.00.

Solesence Stock Performance

SLSN traded down $0.08 during trading on Thursday, hitting $2.13. 34,231 shares of the stock were exchanged, compared to its average volume of 91,233. The firm has a market capitalization of $150.25 million, a P/E ratio of 213.21 and a beta of 1.07. Solesence, Inc. has a 1-year low of $1.34 and a 1-year high of $16.56. The stock has a fifty day moving average price of $2.91 and a two-hundred day moving average price of $3.48. The company has a quick ratio of 0.78, a current ratio of 1.84 and a debt-to-equity ratio of 0.61.

Solesence (NASDAQ:SLSN) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.02) EPS for the quarter. Solesence had a net margin of 1.72% and a return on equity of 6.53%. The business had revenue of $14.60 million during the quarter.

Hedge Funds Weigh In On Solesence

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in shares of Solesence during the 2nd quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Solesence in the second quarter worth $29,000. JPMorgan Chase & Co. acquired a new stake in Solesence in the second quarter valued at $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Solesence in the second quarter valued at $45,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Solesence during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 70.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Solesence in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Solesence Company Profile

Nanophase Technologies Corporation provides engineered materials, formulation development, and commercial manufacturing with an integrated family of technologies in the United States. It offers surface engineered zinc oxide and titanium dioxide for sunscreens and personal care products; fully formulated cosmetics, sun care, and skin care under the Solésence brand name; and advanced materials products, such as architectural coatings, industrial coatings, abrasion-resistant additives, plastics additives, medical diagnostics, and various surface finishing technologies applications.