Wall Street Zen Downgrades X3 (NASDAQ:XTKG) to Strong Sell

X3 (NASDAQ:XTKG) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of X3 in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

X3 Trading Down 1.8%

XTKG opened at $1.63 on Friday. The stock has a 50-day moving average of $1.72 and a 200-day moving average of $1.70. X3 has a 52-week low of $0.53 and a 52-week high of $2.93.

Hedge Funds Weigh In On X3

A hedge fund recently raised its stake in X3 stock. XTX Topco Ltd lifted its stake in X3 Holdings Co., Ltd. (NASDAQ:XTKG) by 360.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,736 shares of the company’s stock after acquiring an additional 45,966 shares during the period. XTX Topco Ltd owned approximately 0.43% of X3 worth $67,000 at the end of the most recent reporting period. 1.85% of the stock is currently owned by hedge funds and other institutional investors.

About X3

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.