SPI Energy (NASDAQ:SPI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

SPI Energy Price Performance

The firm has a 50-day simple moving average of $0.77 and a 200 day simple moving average of $0.54.

Institutional Investors Weigh In On SPI Energy

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC increased its position in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,045 shares of the company’s stock after buying an additional 115,348 shares during the period. Group One Trading LLC owned about 0.39% of SPI Energy worth $47,000 at the end of the most recent reporting period. 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.