System1 (NYSE:SST) Shares Up 8% – Here’s What Happened

System1, Inc. (NYSE:SST)’s stock price rose 8% during mid-day trading on Friday . The stock traded as high as $1.05 and last traded at $1.04. Approximately 157,284 shares traded 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 Stock Up 8.0 %

The company has a debt-to-equity ratio of 2.52, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50-day moving average price of $1.08 and a 200 day moving average price of $1.28. The firm has a market capitalization of $95.59 million, a PE ratio of -0.86 and a beta of 1.35.

Hedge Funds Weigh In On System1

Several large investors have recently modified their holdings of SST. XTX Topco Ltd purchased a new stake in System1 in the second quarter worth about $37,000. Barclays PLC boosted its stake in shares of System1 by 56.1% during 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 in the last quarter. Renaissance Technologies LLC increased its holdings in System1 by 126.2% during the second 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. Jane Street Group LLC raised its stake in System1 by 74.3% in the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock worth $116,000 after buying an additional 44,147 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in System1 by 3.6% during the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock worth $531,000 after buying an additional 16,504 shares during the period. Institutional investors own 87.50% of the company’s stock.

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.