Acadian Asset Management LLC Takes Position in Sound Group Inc. (NASDAQ:SOGP)

Acadian Asset Management LLC purchased a new stake in shares of Sound Group Inc. (NASDAQ:SOGP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,752 shares of the company’s stock, valued at approximately $74,000. Acadian Asset Management LLC owned approximately 0.69% of Sound Group at the end of the most recent quarter.

Sound Group Stock Performance

Shares of SOGP stock opened at $1.60 on Friday. The business’s 50-day moving average price is $1.89 and its 200-day moving average price is $2.50. Sound Group Inc. has a 12 month low of $1.49 and a 12 month high of $6.70. The firm has a market capitalization of $8.29 million, a price-to-earnings ratio of 1.62 and a beta of 1.66.

Sound Group Company Profile

Sound Group Inc operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC.