Rail Vision (NASDAQ:RVSN) Trading Up 1% – Should You Buy?

Rail Vision Ltd. (NASDAQ:RVSN) shares traded up 1% during mid-day trading on Tuesday . The stock traded as high as $0.68 and last traded at $0.65. 1,807,089 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,794,563 shares. The stock had previously closed at $0.64.

Rail Vision Price Performance

The stock’s 50-day simple moving average is $0.97 and its 200 day simple moving average is $0.67.

Hedge Funds Weigh In On Rail Vision

A hedge fund recently bought a new stake in Rail Vision stock. Millennium Management LLC bought a new stake in Rail Vision Ltd. (NASDAQ:RVSN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,089 shares of the company’s stock, valued at approximately $47,000. Millennium Management LLC owned 0.11% of Rail Vision as of its most recent SEC filing. Institutional investors and hedge funds own 12.11% of the company’s stock.

About Rail Vision

Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive.