NIP Group (NASDAQ:NIPG) Trading Up 2.9% – Here’s What Happened

Shares of NIP Group Inc. (NASDAQ:NIPG) were up 2.9% during trading on Tuesday . The stock traded as high as $2.28 and last traded at $2.12. Approximately 232,686 shares changed hands during trading, a decline of 1% from the average daily volume of 234,454 shares. The stock had previously closed at $2.06.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on shares of NIP Group in a research note on Thursday, December 19th. They issued a “buy” rating and a $12.00 price objective for the company.

NIP Group Stock Performance

The company has a 50 day simple moving average of $3.31 and a two-hundred day simple moving average of $5.63.

Hedge Funds Weigh In On NIP Group

A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC acquired a new position in shares of NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,622 shares of the company’s stock, valued at approximately $44,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.