The National Bank of Canada FI has acquired a 1.03% stake in My Size, Inc., valued at approximately $55,000, as the e-commerce company sees a notable boost in its stock price.
The National Bank of Canada FI has acquired a new stake in My Size, Inc., a company listed on NASDAQ as MYSZ, according to a recent 13F filing with the U.S. Securities and Exchange Commission. During the fourth quarter, the Bank purchased 12,918 shares valued at approximately $55,000. Following this acquisition, National Bank of Canada FI holds about 1.03% of the company’s total shares, a notable position in the context of its recent investment activity.
On Friday, My Size’s stock opened at $1.26, reflecting an impressive increase of 11.5%. The company’s market capitalization currently stands at $2.66 million, with a P/E ratio of -0.18 and a beta of 0.10. Over the past year, the stock has experienced fluctuations, reaching a 52-week low of $1.01 and a high of $9.40. Financial metrics show a debt-to-equity ratio of 0.04, a quick ratio of 1.56, and a current ratio of 2.49. The stock’s performance trends include a fifty-day moving average of $1.47 and a 200-day moving average of $1.85.
My Size, Inc. operates as an omnichannel e-commerce platform, providing AI-driven software as a service (SaaS) measurement solutions targeted at fashion e-commerce companies. The company serves clients in several countries, including Israel and Spain. It operates through various segments, such as Fashion and Equipment E-Commerce Platforms and SaaS Solutions.
Among its key offerings are several innovative products designed to enhance the online shopping experience. For example, the Size Form tool generates accurate measurements for customers, helping them find clothing and accessories that fit properly. Additionally, the First Look Smart Mirror provides an interactive solution for physical retail stores, enabling customers to filter store inventories based on their size and fit preferences. My Size also features the Smart Catalogue, which assists brands in identifying new product niches and adjusting their assortments according to customer needs, along with the True Feedback solution which gathers consumer insights.
For those interested in the financial movements of My Size, resources are available for monitoring hedge fund holdings and recent insider trading activities. The investment community continues to observe the performance and strategic developments of My Size, Inc. as it seeks to capitalize on the evolving e-commerce landscape.
Source: Noah Wire Services
