Aethlon Medical, Inc. (NASDAQ:AEMD) shares rose 4.9% during mid-day trading on Friday . The stock traded as high as $0.37 and last traded at $0.37. Approximately 133,789 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 137,498 shares. The stock had previously closed at $0.35.
The business’s 50 day simple moving average is $0.38. The stock has a market cap of $6.92 million, a price-to-earnings ratio of -0.79 and a beta of 1.32.
A hedge fund recently bought a new stake in Aethlon Medical stock. Bank of New York Mellon Corp purchased a new stake in Aethlon Medical, Inc. (NASDAQ:AEMD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,363 shares of the medical equipment provider’s stock, valued at approximately $50,000. Bank of New York Mellon Corp owned 0.17% of Aethlon Medical at the end of the most recent reporting period. 5.33% of the stock is owned by hedge funds and other institutional investors.
Aethlon Medical, Inc, a medical device company, focuses on creating devices that address unmet medical needs in health and biodefense worldwide. The company is developing Aethlon Hemopurifier, a clinical-stage therapeutic device that eliminates life-threatening viruses from the circulatory system of infected individuals.
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