SPI Energy (NASDAQ:SPI) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.56 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares trading hands.

SPI Energy Trading Down 10.4 %

The firm’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC grew its stake in SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,045 shares of the company’s stock after buying an additional 115,348 shares during the period. Group One Trading LLC owned 0.39% of SPI Energy worth $47,000 at the end of the most recent reporting period. 1.73% of the stock is owned by institutional investors and hedge funds.

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.