SOS (NYSE:SOS) Trading 2% Higher – Should You Buy?

SOS Limited (NYSE:SOS) shares were up 2% during trading on Thursday . The company traded as high as $7.15 and last traded at $7.01. Approximately 70,824 shares changed hands during trading, an increase of 28% from the average daily volume of 55,368 shares. The stock had previously closed at $6.87.

SOS Price Performance

The company’s 50 day moving average is $13.16 and its two-hundred day moving average is $12.24.

Hedge Funds Weigh In On SOS

An institutional investor recently bought a new position in SOS stock. State Street Corp bought a new position in shares of SOS Limited (NYSE:SOS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 61,556 shares of the company’s stock, valued at approximately $49,000. State Street Corp owned 0.45% of SOS at the end of the most recent reporting period. 1.92% of the stock is currently owned by institutional investors.

About SOS

SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as newsToday and E-commerce Today, 10086 hot-line center, information security services, and marketing-related data.