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Weiss Ratings Reaffirms "Hold (C)" Rating for Metalpha Technology (NASDAQ:MATH)

Metalpha Technology logo with Computer and Technology background

Key Points

  • Weiss Ratings has reaffirmed a "hold (C)" rating for Metalpha Technology (NASDAQ:MATH) in their latest report, indicating a cautious outlook on the stock.
  • As of midday trading on Wednesday, shares of Metalpha Technology fell to $3.70, with a trading volume of 145,993, below its average of 182,302 shares.
  • Several institutional investors, including FNY Investment Advisers LLC and Goldman Sachs Group Inc., have recently adjusted their stakes in Metalpha Technology, indicating growing interest among hedge funds.
  • Interested in Metalpha Technology? Here are five stocks we like better.

Metalpha Technology (NASDAQ:MATH - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Metalpha Technology Price Performance

Shares of NASDAQ MATH traded down $0.30 during midday trading on Wednesday, hitting $3.70. 145,993 shares of the company's stock traded hands, compared to its average volume of 182,302. Metalpha Technology has a 1 year low of $0.88 and a 1 year high of $4.17. The firm has a fifty day moving average of $3.25 and a 200 day moving average of $2.88.

Institutional Investors Weigh In On Metalpha Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its holdings in Metalpha Technology by 714.4% in the 2nd quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company's stock worth $503,000 after acquiring an additional 137,923 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Metalpha Technology in the 2nd quarter worth approximately $100,000. XTX Topco Ltd purchased a new stake in Metalpha Technology in the 1st quarter worth approximately $38,000. Finally, Goldman Sachs Group Inc. grew its holdings in Metalpha Technology by 42.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock valued at $35,000 after buying an additional 6,040 shares in the last quarter. 30.53% of the stock is owned by hedge funds and other institutional investors.

About Metalpha Technology

(Get Free Report)

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services.

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