System1 (NYSE:SST) Trading Up 8% – Here’s Why

Shares of System1, Inc. (NYSE:SST) rose 8% during trading on Friday . The stock traded as high as $1.05 and last traded at $1.04. Approximately 157,284 shares changed hands during trading, a decline of 41% from the average daily volume of 264,796 shares. The stock had previously closed at $0.96.

System1 Trading Up 8.0 %

The company’s 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $1.28. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $95.59 million, a price-to-earnings ratio of -0.86 and a beta of 1.35.

Institutional Trading of System1

A number of institutional investors have recently bought and sold shares of SST. Barclays PLC increased its holdings in shares of System1 by 56.1% in the third quarter. Barclays PLC now owns 38,866 shares of the company’s stock valued at $44,000 after purchasing an additional 13,969 shares during the period. Geode Capital Management LLC lifted its position in System1 by 3.6% during the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock valued at $531,000 after purchasing an additional 16,504 shares during the period. Jane Street Group LLC grew its position in System1 by 74.3% during the 3rd quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock worth $116,000 after purchasing an additional 44,147 shares during the period. XTX Topco Ltd purchased a new position in shares of System1 during the 2nd quarter valued at about $37,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of System1 by 126.2% in the 2nd quarter. Renaissance Technologies LLC now owns 57,900 shares of the company’s stock valued at $88,000 after buying an additional 32,300 shares during the period. 87.50% of the stock is currently owned by institutional investors and hedge funds.

System1 Company Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.