MicroCloud Hologram (NASDAQ:HOLO) Trading 3.8% Higher - Time to Buy?

Key Points

• MicroCloud Hologram Inc. shares increased by 3.8% during trading, reaching a high of $4.85 and closing at $4.68, with volume significantly up by 30% from average trading levels.
• Institutional investor Universal Beteiligungs und Servicegesellschaft mbH purchased 205,000 shares of MicroCloud Hologram, amounting to approximately $169,000, representing a 15.04% stake in the company.
• The company's services include holographic technology solutions such as LiDAR applications and intelligent vehicle vision technology aimed at enhancing advanced driver assistance systems.

Shares of MicroCloud Hologram Inc. (NASDAQ:HOLO - ) shot up 3.8% during trading on Wednesday . The company traded as high as $4.85 and last traded at $4.68. 1,755,045 shares were traded during trading, an increase of 30% from the average session volume of 1,353,290 shares. The stock had previously closed at $4.51.

MicroCloud Hologram Stock Performance

The business's 50 day simple moving average is $4.98 and its 200 day simple moving average is $16.78.

Institutional Trading of MicroCloud Hologram

An institutional investor recently bought a new position in MicroCloud Hologram stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 205,000 shares of the company's stock, valued at approximately $169,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 15.04% of MicroCloud Hologram at the end of the most recent quarter. 2.13% of the stock is owned by institutional investors.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.

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