Nutriband (NASDAQ:NTRBW) Trading Up 1% – Time to Buy?

Nutriband Inc. (NASDAQ:NTRBW)’s stock price traded up 1% during trading on Monday . The company traded as high as $0.50 and last traded at $0.5250. Approximately 1,683 shares traded hands during trading, a decline of 22% from the average session volume of 2,164 shares. The stock had previously closed at $0.52.

Nutriband Stock Performance

The firm has a 50 day moving average price of $1.01 and a two-hundred day moving average price of $1.27.

Hedge Funds Weigh In On Nutriband

An institutional investor recently bought a new stake in Nutriband stock. Empery Asset Management LP acquired a new position in shares of Nutriband Inc. (NASDAQ:NTRBW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband accounts for approximately 0.1% of Empery Asset Management LP’s holdings, making the stock its 20th largest holding.

Nutriband Company Profile

Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy. The company also develops other products, which include AVERSA buprenorphine and AVERSA methylphenidate; exenatide for type 2 diabetes; and follicle stimulating hormone for infertility.