Nature’s Miracle (NASDAQ:NMHI) Shares Down 9.1%

Nature’s Miracle Holding Inc. (NASDAQ:NMHI)’s share price fell 9.1% on Friday . The stock traded as low as $0.17 and last traded at $0.18. 844,399 shares traded hands during trading, an increase of 70% from the average session volume of 497,552 shares. The stock had previously closed at $0.19.

Nature’s Miracle Trading Down 9.1 %

The business has a 50-day moving average price of $0.52.

Nature’s Miracle (NASDAQ:NMHI) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.10) EPS for the quarter. The company had revenue of $2.21 million during the quarter.

Institutional Investors Weigh In On Nature’s Miracle

A hedge fund recently bought a new stake in Nature’s Miracle stock. MMCAP International Inc. SPC acquired a new position in shares of Nature’s Miracle Holding Inc. (NASDAQ:NMHI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,000 shares of the company’s stock, valued at approximately $42,000. MMCAP International Inc. SPC owned about 0.17% of Nature’s Miracle as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 94.56% of the company’s stock.

About Nature’s Miracle

Nature's Miracle Holding Inc, an agriculture technology company, provides equipment and services to growers in the controlled environment agriculture industry in North America. The company provides grow lights and other hydroponic products; and develops a pipeline to build commercial-scale greenhouse for fresh and local vegetable products.