SPI Energy (NASDAQ:SPI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

SPI Energy Co., Ltd. (NASDAQ:SPI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.59 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares changing hands.

SPI Energy Trading Down 10.4 %

The stock’s 50-day simple moving average is $0.77 and its two-hundred day simple moving average is $0.59.

Hedge Funds Weigh In On SPI Energy

A hedge fund recently raised its stake in SPI Energy stock. Group One Trading LLC lifted its stake in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,045 shares of the company’s stock after acquiring an additional 115,348 shares during the period. Group One Trading LLC owned 0.39% of SPI Energy worth $47,000 as of its most recent filing with the Securities & Exchange Commission. 1.73% of the stock is owned by hedge funds and other institutional investors.

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.