SPI Energy (NASDAQ:SPI) Shares Pass Above 200-Day Moving Average – Here’s Why

SPI Energy Co., Ltd. (NASDAQ:SPI) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.54 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares traded.

SPI Energy Trading Down 10.4 %

The company has a fifty day moving average of $0.77 and a two-hundred day moving average of $0.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC boosted its stake in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,045 shares of the company’s stock after purchasing an additional 115,348 shares during the period. Group One Trading LLC owned approximately 0.39% of SPI Energy worth $47,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

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.