SGOCO Group (NASDAQ:SGOC) Stock Price Passes Above 200-Day Moving Average of $0.00

Shares of SGOCO Group, Ltd. (NASDAQ:SGOC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $1.03. SGOCO Group shares last traded at $1.03, with a volume of 2,927 shares traded.

The firm’s fifty day moving average price is $1.04 and its 200 day moving average price is $1.07.

A hedge fund recently raised its stake in SGOCO Group stock. Citadel Advisors LLC lifted its stake in SGOCO Group, Ltd. (NASDAQ:SGOC) by 199.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,373 shares of the technology company’s stock after buying an additional 37,574 shares during the quarter. Citadel Advisors LLC owned approximately 0.07% of SGOCO Group worth $58,000 at the end of the most recent reporting period. Institutional investors own 0.04% of the company’s stock.

About SGOCO Group (NASDAQ:SGOC)

SGOCO Group, Ltd. engages in the product design, distribution, and brand development in the display and computer product market in Mainland China and Hongkong. The company also provides energy saving products and services. Its products include LCD/LED monitors; all-in-one and part-in-one computers; virtual reality technology and devices; and phase change material thermal energy storage products.

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