NiSun International Enterprise Development Group (NASDAQ:NISN) Stock Price Up 2.8% – Time to Buy?

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) shares were up 2.8% during trading on Wednesday . The company traded as high as $1.1293 and last traded at $1.10. Approximately 14,151 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 42,183 shares. The stock had previously closed at $1.07.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research report on Friday, December 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NiSun International Enterprise Development Group currently has an average rating of “Sell”.

NiSun International Enterprise Development Group Price Performance

The business’s fifty day moving average price is $2.40 and its 200 day moving average price is $3.36.

Institutional Investors Weigh In On NiSun International Enterprise Development Group

A hedge fund recently raised its stake in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC raised its stake in shares of NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,878 shares of the company’s stock after acquiring an additional 6,325 shares during the period. Squarepoint Ops LLC owned approximately 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent SEC filing. Institutional investors own 4.73% of the company’s stock.

About NiSun International Enterprise Development Group

NiSun International Enterprise Development Group Limited (NASDAQ: NISN) is a China-based diversified enterprise primarily engaged in the procurement and distribution of telecommunications products, property services and outdoor advertising. Through its telecommunications segment, NiSun sources and supplies prepaid calling cards, prepaid cellular cards and recharge vouchers for major domestic carriers, including China Mobile, China Unicom and China Telecom. This business leverages the company’s nationwide distribution network to serve retail outlets, convenience stores and e-commerce platforms across Mainland China.

In addition to its telecom operations, NiSun provides property management and commercial real estate services.