Northann (NYSE:NCL) Shares Up 3% – Time to Buy?

Northann Corp. (NYSE:NCL)’s share price shot up 3% during mid-day trading on Thursday . The stock traded as high as $0.2080 and last traded at $0.2029. 1,038,932 shares were traded during trading, a decline of 79% from the average session volume of 5,057,929 shares. The stock had previously closed at $0.1970.

Northann Trading Down 5.4%

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.53 and a quick ratio of 0.19. The firm has a market cap of $4.37 million, a price-to-earnings ratio of -0.96 and a beta of 0.43. The business’s 50-day moving average price is $0.33 and its two-hundred day moving average price is $0.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Northann stock. Geode Capital Management LLC lifted its holdings in shares of Northann Corp. (NYSE:NCL) by 81.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,915 shares of the company’s stock after purchasing an additional 80,689 shares during the quarter. Geode Capital Management LLC owned about 0.19% of Northann worth $29,000 as of its most recent SEC filing. 0.34% of the stock is currently owned by institutional investors.

About Northann

Northann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.