MKDWELL Tech (NASDAQ:MKDW) Trading Down 0.8% – Here’s What Happened

MKDWELL Tech Inc. (NASDAQ:MKDWGet Free Report)’s stock price fell 0.8% on Wednesday . The company traded as low as $11.52 and last traded at $11.5330. 875 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 3,660 shares. The stock had previously closed at $11.63.

MKDWELL Tech Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.23. The stock has a 50-day moving average price of $10.56 and a 200-day moving average price of $6.87.

Institutional Trading of MKDWELL Tech

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC acquired a new position in shares of MKDWELL Tech Inc. (NASDAQ:MKDWFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech at the end of the most recent quarter. 70.04% of the stock is currently owned by institutional investors and hedge funds.

About MKDWELL Tech

(Get Free Report)

MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.

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