SinglePoint (OTCMKTS:SING) Shares Pass Above 50 Day Moving Average of $0.23

SinglePoint Inc. (OTCMKTS:SINGGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.23 and traded as high as $0.34. SinglePoint shares last traded at $0.26, with a volume of 9,086,242 shares traded.

SinglePoint Trading Down 28.8 %

The company has a market capitalization of $86,131.80, a PE ratio of 0.00 and a beta of -0.40. The stock has a fifty day moving average of $0.23 and a two-hundred day moving average of $0.57.

Hedge Funds Weigh In On SinglePoint

An institutional investor recently bought a new position in SinglePoint stock. UMB Bank n.a. purchased a new stake in shares of SinglePoint Inc. (OTCMKTS:SINGFree Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 60,000 shares of the company’s stock, valued at approximately $129,000. UMB Bank n.a. owned 18.35% of SinglePoint at the end of the most recent reporting period.

About SinglePoint

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SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.

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