SPI Energy (NASDAQ:SPI) Stock Passes Above 200-Day Moving Average – Time to Sell?

Shares of SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.46 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares traded.

SPI Energy Stock Down 10.4 %

The company’s fifty day moving average price is $0.61 and its two-hundred day moving average price is $0.46.

Institutional Investors Weigh In On SPI Energy

A hedge fund recently raised its stake in SPI Energy stock. Group One Trading LLC lifted its holdings in SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,045 shares of the company’s stock after buying an additional 115,348 shares during the quarter. Group One Trading LLC owned 0.39% of SPI Energy worth $47,000 as of its most recent SEC filing. 1.73% of the stock is owned by institutional investors and hedge funds.

SPI Energy Company Profile

SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies.