SPI Energy (NASDAQ:SPI) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of SPI Energy Co., Ltd. (NASDAQ:SPI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.52 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares.

SPI Energy Stock Down 10.4 %

The company has a 50 day simple moving average of $0.75 and a 200-day simple moving average of $0.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC lifted its stake in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,045 shares of the company’s stock after purchasing an additional 115,348 shares during the quarter. Group One Trading LLC owned about 0.39% of SPI Energy worth $47,000 at the end of the most recent reporting period. Institutional investors own 1.73% of the company’s stock.

About SPI Energy

SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies.