MicroCloud Hologram (NASDAQ:HOLO) Trading Down 12.4%

Shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) dropped 12.4% on Wednesday . The stock traded as low as $0.69 and last traded at $0.70. Approximately 12,967,175 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 12,085,095 shares. The stock had previously closed at $0.80.

MicroCloud Hologram Price Performance

The firm’s fifty day moving average is $1.52 and its two-hundred day moving average is $5.11.

Institutional Trading of MicroCloud Hologram

A hedge fund recently bought a new stake in MicroCloud Hologram stock. BNP Paribas Financial Markets bought a new position in MicroCloud Hologram Inc. (NASDAQ:HOLO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,981 shares of the company’s stock, valued at approximately $27,000. BNP Paribas Financial Markets owned approximately 0.12% of MicroCloud Hologram at the end of the most recent reporting period. 2.13% of the stock is currently owned by institutional investors and hedge funds.

About MicroCloud Hologram

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.