NIP Group (NASDAQ:NIPG) Trading Up 2.1% - Still a Buy?

Key Points

• NIP Group Inc. shares increased by 2.1% to $1.49, with a trading volume of 71,954 shares, exceeding the average by 23%.
• Analysts have mixed ratings for NIP Group, with one analyst recommending a buy, while another maintains a sell rating, resulting in an average consensus target price of $6.00.
• Quadrature Capital Ltd has recently acquired a new stake in NIP Group, purchasing 11,782 shares valued at approximately $29,000.

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG - Get Free Report) shares were up 2.1% during trading on Thursday . The stock traded as high as $1.54 and last traded at $1.49. Approximately 71,954 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 58,700 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

NIPG has been the topic of several research analyst reports. Wall Street Zen upgraded NIP Group to a "hold" rating in a research report on Saturday, July 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of NIP Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.00.

NIP Group Stock Up 2.1%

The stock has a fifty day moving average of $1.81 and a 200-day moving average of $1.77.

Institutional Trading of NIP Group

A hedge fund recently bought a new stake in NIP Group stock. Quadrature Capital Ltd bought a new position in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,782 shares of the company's stock, valued at approximately $29,000.

About NIP Group

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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