System1 (NYSE:SST) Stock Price Down 2.3% – Here’s What Happened

System1, Inc. (NYSE:SST)’s stock price traded down 2.3% during trading on Wednesday . The stock traded as low as $0.57 and last traded at $0.57. 88,999 shares were traded during mid-day trading, a decline of 88% from the average session volume of 733,214 shares. The stock had previously closed at $0.58.

System1 Stock Performance

The stock has a market capitalization of $52.39 million, a price-to-earnings ratio of -0.47 and a beta of 1.35. The company’s fifty day simple moving average is $0.74 and its 200 day simple moving average is $0.97. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in System1 by 215.7% during the third quarter. JPMorgan Chase & Co. now owns 33,993 shares of the company’s stock worth $38,000 after acquiring an additional 23,225 shares during the last quarter. Barclays PLC increased its stake in shares of System1 by 56.1% during the third quarter. Barclays PLC now owns 38,866 shares of the company’s stock worth $44,000 after purchasing an additional 13,969 shares during the period. Prudential Financial Inc. acquired a new stake in System1 during the 4th quarter worth approximately $45,000. Jane Street Group LLC boosted its stake in System1 by 74.3% in the 3rd quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock valued at $116,000 after purchasing an additional 44,147 shares during the period. Finally, Deutsche Bank AG grew its holdings in System1 by 383.2% in the 4th quarter. Deutsche Bank AG now owns 146,110 shares of the company’s stock valued at $131,000 after buying an additional 115,870 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

About System1

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.