Pheton (NASDAQ:PTHL) Trading Down 0.8% – Should You Sell?

Pheton Holdings Ltd (NASDAQ:PTHL) traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $0.2604 and last traded at $0.2801. Approximately 31,205 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,345,881 shares. The stock had previously closed at $0.2823.

Pheton Trading Down 0.8%

The company’s 50-day moving average is $0.32 and its two-hundred day moving average is $0.37.

Institutional Trading of Pheton

A hedge fund recently raised its position in Pheton stock. XTX Topco Ltd grew its holdings in Pheton Holdings Ltd (NASDAQ:PTHL) by 67.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,835 shares of the company’s stock after purchasing an additional 33,427 shares during the period. XTX Topco Ltd owned about 1.26% of Pheton worth $35,000 as of its most recent SEC filing.

About Pheton

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company was founded in 1998 and is headquartered in Beijing, China.