SPI Energy (NASDAQ:SPI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

SPI Energy Co., Ltd. (NASDAQ:SPI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.69 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares traded.

SPI Energy Trading Down 10.4%

The firm has a fifty day simple moving average of $0.77 and a 200-day simple moving average of $0.69.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC lifted its position in SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 about 0.39% of SPI Energy worth $47,000 as of its most recent SEC filing. 1.73% of the stock is currently owned by institutional investors.

SPI Energy Company Profile

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.