Aspen Group (NASDAQ:ASPU) Shares Pass Above Fifty Day Moving Average of $0.23

Aspen Group, Inc. (NASDAQ:ASPU)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.23 and traded as high as $0.27. Aspen Group shares last traded at $0.26, with a volume of 15,423 shares changing hands.

Aspen Group Trading Down 2.5 %

The firm’s fifty day moving average is $0.23 and its 200 day moving average is $0.19.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.06) EPS for the quarter. The company had revenue of $13.83 million for the quarter.

Hedge Funds Weigh In On Aspen Group

Several hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in Aspen Group in the 3rd quarter valued at about $30,000. Millennium Management LLC purchased a new stake in Aspen Group in the 2nd quarter valued at about $31,000. Renaissance Technologies LLC boosted its position in Aspen Group by 470.1% in the 2nd quarter. Renaissance Technologies LLC now owns 63,277 shares of the technology company’s stock valued at $62,000 after buying an additional 52,177 shares during the period. Finally, Cruiser Capital Advisors LLC boosted its position in Aspen Group by 45.2% in the 1st quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company’s stock valued at $94,000 after buying an additional 18,006 shares during the period. 10.56% of the stock is currently owned by institutional investors.

About Aspen Group

Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University.