AlTi Global (NASDAQ:ALTI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.94 and traded as high as $4.11. AlTi Global shares last traded at $4.04, with a volume of 103,270 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research upgraded AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AlTi Global has a consensus rating of “Reduce”.

AlTi Global Stock Up 1.0%

The stock has a fifty day moving average of $3.82 and a two-hundred day moving average of $3.94. The stock has a market cap of $592.47 million, a price-to-earnings ratio of -2.23 and a beta of 0.77.

AlTi Global (NASDAQ:ALTI) last released its earnings results on Thursday, April 20th. The basic materials company reported ($0.11) EPS for the quarter. AlTi Global had a negative net margin of 71.93% and a negative return on equity of 6.77%. The business had revenue of ($18.58) million during the quarter. On average, research analysts expect that AlTi Global, Inc. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in shares of AlTi Global by 110.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 4,581 shares during the period. Tower Research Capital LLC TRC increased its stake in AlTi Global by 158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 5,912 shares in the last quarter. AQR Capital Management LLC acquired a new position in AlTi Global during the first quarter worth $42,000. The Manufacturers Life Insurance Company boosted its position in AlTi Global by 25.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 3,679 shares in the last quarter. Finally, Flputnam Investment Management Co. purchased a new stake in AlTi Global during the first quarter worth $76,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.