SPI Energy (NASDAQ:SPI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of SPI Energy Co., Ltd. (NASDAQ:SPI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.52 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares trading hands.

SPI Energy Trading Down 10.4 %

The firm’s 50 day simple moving average is $0.75 and its two-hundred day simple moving average is $0.52.

Hedge Funds Weigh In On SPI Energy

A hedge fund recently raised its stake in SPI Energy stock. Group One Trading LLC grew its position in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,045 shares of the company’s stock after acquiring an additional 115,348 shares during the quarter. Group One Trading LLC owned about 0.39% of SPI Energy worth $47,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 1.73% of the company’s stock.

About SPI Energy

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.