Baijiayun Group (NASDAQ:RTC) Trading Down 3.5% – What’s Next?

Baijiayun Group Ltd (NASDAQ:RTC)’s share price traded down 3.5% during trading on Monday . The stock traded as low as $8.76 and last traded at $8.76. 115,385 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 53,368 shares. The stock had previously closed at $9.08.

Baijiayun Group Trading Down 3.5 %

The firm has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $6.69.

Institutional Investors Weigh In On Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new position in Baijiayun Group Ltd (NASDAQ:RTC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 76,178 shares of the company’s stock, valued at approximately $629,000. Hedge funds and other institutional investors own 3.35% of the company’s stock.

About Baijiayun Group

Baijiayun Group Ltd engages in the video-centric technology solution business in China. Its solutions include video-centric SaaS/PaaS solutions, including live streaming solution, VoD solution, and real-time communications solution for education, finance, medical services, automotive, and IT industries; video-centric cloud related solutions, such as online school, video conferencing, and enterprise training solutions for educational institutions, IT, finance, media and advertising, and e-commerce industries; and video-centric industry AI solutions for education, retail, public affairs, and industrial manufacturing industries.