Bit Brother Limited (NASDAQ:BTB – Get Free Report) shares dropped 12.4% during trading on Wednesday . The company traded as low as $0.42 and last traded at $0.53. Approximately 98,461 shares were traded during trading, a decline of 87% from the average daily volume of 731,044 shares. The stock had previously closed at $0.61.
Bit Brother Price Performance
The firm has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.20.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Bit Brother stock. Sabby Management LLC acquired a new stake in shares of Bit Brother Limited (NASDAQ:BTB – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 736,097 shares of the company’s stock, valued at approximately $633,000. Bit Brother makes up approximately 0.6% of Sabby Management LLC’s holdings, making the stock its 14th largest position.
Bit Brother Company Profile
Bit Brother Limited engages in the specialty tea product distribution and retail business in the People's Republic of China and the United States. The company offers tea-based beverages, including fresh milk tea, fruit tea, milk cap tea, etc.; light meals comprising salads, sandwiches, pasta, steak, burritos, and other healthy options; and pastries consisting of fresh baked bread, fresh baked cakes, frosting cakes, etc.
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