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

SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.59 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares.

SPI Energy Trading Down 10.4 %

The firm has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC raised its stake in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,045 shares of the company’s stock after buying an additional 115,348 shares during the period. Group One Trading LLC owned about 0.39% of SPI Energy worth $47,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

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.