UBS Group AG Buys New Shares in Eightco Holdings Inc. $ORBS

UBS Group AG acquired a new stake in shares of Eightco Holdings Inc. (NASDAQ:ORBS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,617,239 shares of the company’s stock, valued at approximately $4,528,000. UBS Group AG owned about 1.32% of Eightco at the end of the most recent quarter.

Separately, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Eightco during the fourth quarter valued at about $153,000. 12.85% of the stock is currently owned by institutional investors.

Eightco Stock Up 3.8%

Shares of NASDAQ:ORBS opened at $0.94 on Friday. The company’s 50-day moving average is $0.93. Eightco Holdings Inc. has a 12-month low of $0.72 and a 12-month high of $83.12. The company has a market capitalization of $366.55 million, a PE ratio of -1.60 and a beta of 1.98.

Eightco (NASDAQ:ORBS) last announced its quarterly earnings data on Wednesday, April 15th. The company reported ($2.39) earnings per share (EPS) for the quarter. Eightco had a negative net margin of 1,095.69% and a negative return on equity of 111.48%. The company had revenue of $10.19 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Eightco from a “strong sell” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, Eightco currently has a consensus rating of “Sell”.

Eightco Company Profile

Eightco Holdings Inc provides bitcoin mining equipment and co-location services. It also manufactures and sells container boards, corrugated products, and specialty paper products in North America. The company was incorporated in 1966 and is headquartered in Safety Harbor, Florida.