System1 (NYSE:SST) Stock Price Down 2.3% – Should You Sell?

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

System1 Trading Down 2.3 %

The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day moving average price of $0.74 and a 200 day moving average price of $0.97. The company has a market cap of $52.39 million, a price-to-earnings ratio of -0.47 and a beta of 1.35.

Institutional Trading of System1

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of System1 by 56.1% in the 3rd quarter. Barclays PLC now owns 38,866 shares of the company’s stock valued at $44,000 after acquiring an additional 13,969 shares during the period. Geode Capital Management LLC grew its holdings in System1 by 3.6% during the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock worth $531,000 after purchasing an additional 16,504 shares during the period. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 23,225 shares during the period. Jane Street Group LLC increased its position in System1 by 74.3% during the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock worth $116,000 after buying an additional 44,147 shares during the last quarter. Finally, Prudential Financial Inc. bought a new stake in System1 in the fourth quarter valued at approximately $45,000. 87.50% of the stock is owned by institutional investors.

System1 Company Profile

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.