MicroAlgo Inc. (NASDAQ:MLGO - Get Free Report) shot up 33.8% on Monday . The stock traded as high as $3.48 and last traded at $3.13. 45,999,154 shares traded hands during trading, an increase of 444% from the average session volume of 8,456,997 shares. The stock had previously closed at $2.34.
MicroAlgo Stock Performance
The firm has a 50 day simple moving average of $9.56 and a two-hundred day simple moving average of $5.20.
Institutional Investors Weigh In On MicroAlgo
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in MicroAlgo during the first quarter worth $8,468,000. Balyasny Asset Management L.P. acquired a new position in shares of MicroAlgo during the fourth quarter worth $319,000. Anson Funds Management LP acquired a new position in shares of MicroAlgo during the first quarter worth $728,000. Jane Street Group LLC increased its holdings in shares of MicroAlgo by 117.3% during the fourth quarter. Jane Street Group LLC now owns 25,495 shares of the company's stock worth $96,000 after buying an additional 13,765 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of MicroAlgo during the fourth quarter worth $93,000. 1.10% of the stock is currently owned by institutional investors.
MicroAlgo Company Profile
(
Get Free Report)
MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People's Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.
Featured Stories
Before you consider MicroAlgo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroAlgo wasn't on the list.
While MicroAlgo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
