Vivopower International (NASDAQ:VVPR) Given "Sell (D)" Rating at Weiss Ratings

Key Points

• Vivopower International's stock has been restated with a "sell (D)" rating by Weiss Ratings, indicating analysts' negative outlook on the company.
• The stock closed at $5.09 on Wednesday, with a 12-month range between $0.62 and $8.88.
• Institutional investors are showing varying interest in Vivopower, with notable acquisitions from Legal & General Group Plc and SBI Securities Co. Ltd. increasing their stakes significantly.

Vivopower International (NASDAQ:VVPR - Get Free Report)'s stock had its "sell (d)" rating restated by stock analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Vivopower International Price Performance

NASDAQ:VVPR traded down $0.10 on Wednesday, reaching $5.09. The stock had a trading volume of 270,784 shares, compared to its average volume of 2,683,080. The firm's fifty day moving average is $5.10 and its two-hundred day moving average is $4.68. Vivopower International has a 12-month low of $0.62 and a 12-month high of $8.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VVPR. Legal & General Group Plc acquired a new stake in Vivopower International during the 2nd quarter worth approximately $383,000. JPMorgan Chase & Co. acquired a new stake in Vivopower International during the 2nd quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. increased its position in Vivopower International by 7,088.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 11,789 shares of the company's stock worth $48,000 after purchasing an additional 11,625 shares in the last quarter. 15.80% of the stock is currently owned by hedge funds and other institutional investors.

Vivopower International Company Profile

VivoPower International PLC, together with its subsidiaries, operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates. It operates through Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments.

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