Metalpha Technology (NASDAQ:MATH) Stock Jumps 0.5% – Here’s What Happened

Metalpha Technology Holding Limited (NASDAQ:MATH)’s share price was up 0.5% during mid-day trading on Thursday. The stock traded as high as $1.10 and last traded at $1.0450. Approximately 59,243 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 51,231 shares. The stock had previously closed at $1.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Metalpha Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Metalpha Technology Price Performance

The business has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $1.09.

Metalpha Technology (NASDAQ:MATH) last issued its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $0.53 million for the quarter.

Institutional Investors Weigh In On Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC purchased a new position in Metalpha Technology Holding Limited (NASDAQ:MATH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned approximately 0.12% of Metalpha Technology as of its most recent SEC filing. 30.53% of the stock is owned by institutional investors and hedge funds.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited (NASDAQ: MATH) is a financial technology company focused on digital asset wealth management and related financial services. Through its operating businesses, the company develops and provides structured products and other solutions designed to help institutional and professional investors manage exposure to cryptocurrencies and other digital assets.

The company’s offerings have included customized digital asset investment products, over-the-counter derivatives and lending-related services.