SOS (NYSE:SOS) Trading Down 1.3% – Time to Sell?

SOS Limited (NYSE:SOS) dropped 1.3% during trading on Monday . The stock traded as low as $7.57 and last traded at $7.69. Approximately 29,785 shares changed hands during trading, an increase of 54% from the average daily volume of 19,370 shares. The stock had previously closed at $7.79.

SOS Stock Down 1.3 %

The company’s 50 day simple moving average is $14.14 and its two-hundred day simple moving average is $13.06.

Institutional Investors Weigh In On SOS

Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its holdings in shares of SOS by 82.1% during the first quarter. Virtu Financial LLC now owns 31,162 shares of the company’s stock valued at $53,000 after buying an additional 14,052 shares during the last quarter. EntryPoint Capital LLC purchased a new position in SOS in the 1st quarter worth $38,000. Finally, State Street Corp acquired a new stake in SOS during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 1.92% of the company’s stock.

About SOS

SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as newsToday and E-commerce Today, 10086 hot-line center, information security services, and marketing-related data.