Equities researchers at StockNews.com initiated coverage on shares of Sphere 3D (NASDAQ:ANY – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the technology company’s stock.
Sphere 3D Trading Down 3.6 %
Shares of ANY opened at $0.45 on Tuesday. Sphere 3D has a 12-month low of $0.45 and a 12-month high of $1.90. The firm has a market capitalization of $11.54 million, a P/E ratio of -0.57 and a beta of 3.11. The firm has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.96.
Institutional Investors Weigh In On Sphere 3D
A hedge fund recently bought a new stake in Sphere 3D stock. Two Sigma Securities LLC purchased a new position in shares of Sphere 3D Corp. (NASDAQ:ANY – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 31,879 shares of the technology company’s stock, valued at approximately $30,000. Two Sigma Securities LLC owned 0.13% of Sphere 3D at the end of the most recent quarter. Institutional investors own 17.28% of the company’s stock.
Sphere 3D Company Profile
Sphere 3D Corp. engages in the bitcoin mining business. It is involved with digital asset mining pool operators to provide computing power to the mining pools. The company is based in Stamford, Connecticut.
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