Shares of NIP Group Inc. (NASDAQ:NIPG - Get Free Report) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $1.55 and last traded at $1.60. 312,839 shares were traded during trading, an increase of 50% from the average session volume of 208,978 shares. The stock had previously closed at $1.73.
Analyst Upgrades and Downgrades
Separately, Maxim Group lowered their price objective on NIP Group from $12.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, May 20th.
View Our Latest Stock Report on NIP Group
NIP Group Trading Down 3.8%
The company has a fifty day moving average of $1.55 and a 200-day moving average of $3.54.
Hedge Funds Weigh In On NIP Group
A hedge fund recently bought a new stake in NIP Group stock. XTX Topco Ltd purchased a new stake in shares of NIP Group Inc. (NASDAQ:NIPG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,542 shares of the company's stock, valued at approximately $40,000.
NIP Group Company Profile
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Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.
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