SinglePoint (OTCMKTS:SING) Share Price Crosses Below 50-Day Moving Average of $0.22

SinglePoint Inc. (OTCMKTS:SING) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.22 and traded as low as $0.14. SinglePoint shares last traded at $0.15, with a volume of 2,580,477 shares changing hands.

SinglePoint Trading Down 13.0 %

The business has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.55. The company has a market cap of $49,050.00, a price-to-earnings ratio of 0.00 and a beta of -0.43.

Institutional Investors Weigh In On SinglePoint

An institutional investor recently bought a new position in SinglePoint stock. UMB Bank n.a. acquired a new stake in shares of SinglePoint Inc. (OTCMKTS:SING) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $129,000. UMB Bank n.a. owned about 18.35% of SinglePoint as of its most recent filing with the Securities and Exchange Commission.

SinglePoint Company Profile

SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.