Rail Vision (NASDAQ:RVSN) Trading 1% Higher – Should You Buy?

Rail Vision Ltd. (NASDAQ:RVSN) shot up 1% on Tuesday . The stock traded as high as $0.68 and last traded at $0.65. 1,807,089 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,794,563 shares. The stock had previously closed at $0.64.

Rail Vision Stock Performance

The stock’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $0.67.

Institutional Investors Weigh In On Rail Vision

An institutional investor recently bought a new position in Rail Vision stock. Millennium Management LLC acquired a new position in shares of Rail Vision Ltd. (NASDAQ:RVSN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned 0.11% of Rail Vision at the end of the most recent quarter. 12.11% of the stock is owned by institutional investors and hedge funds.

Rail Vision Company Profile

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.