TOYO (NASDAQ:TOYO) Trading Up 8.3% – Still a Buy?

TOYO Co., Ltd (NASDAQ:TOYOGet Free Report) was up 8.3% on Thursday . The company traded as high as $3.15 and last traded at $3.12. Approximately 7,523 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 37,349 shares. The stock had previously closed at $2.88.

TOYO Stock Down 3.8 %

The stock has a fifty day moving average of $3.35 and a two-hundred day moving average of $3.43.

Institutional Trading of TOYO

Large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of TOYO during the 4th quarter worth about $37,000. Virtu Financial LLC bought a new position in TOYO in the 4th quarter valued at about $56,000. Finally, Polar Asset Management Partners Inc. bought a new position in TOYO in the 3rd quarter valued at about $141,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About TOYO

(Get Free Report)

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain.

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