Max Gottschalk Buys 1,692,694 Shares of Perfect Moment Ltd. (NASDAQ:PMNT) Stock

Perfect Moment Ltd. (NASDAQ:PMNT) Director Max Gottschalk acquired 1,692,694 shares of the business’s stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $0.30 per share, with a total value of $507,808.20. Following the acquisition, the director owned 2,024,447 shares in the company, valued at $607,334.10. The trade was a 510.23% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Perfect Moment Stock Performance

NASDAQ PMNT opened at $0.31 on Thursday. The stock’s fifty day moving average is $0.64 and its two-hundred day moving average is $0.89. The firm has a market capitalization of $5.14 million, a P/E ratio of -0.24 and a beta of -3.05. Perfect Moment Ltd. has a fifty-two week low of $0.22 and a fifty-two week high of $2.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Perfect Moment stock. US Bancorp DE increased its position in shares of Perfect Moment Ltd. (NASDAQ:PMNT) by 100.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 500,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. US Bancorp DE owned 3.02% of Perfect Moment worth $550,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.00% of the company’s stock.

Perfect Moment Company Profile

Perfect Moment Ltd., together with its subsidiaries, owns and operates a fashion brand that offers ski, surf, and activewear collections under the brand name of Perfect Moment. It offers skiwear, outerwear, swimwear and activewear for women, men, and children. The company sells its collections directly to customers through e-commerce and to wholesale accounts, as well as through other sales partnerships.