SPI Energy (NASDAQ:SPI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

SPI Energy Co., Ltd. (NASDAQ:SPI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.54 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares trading hands.

SPI Energy Stock Performance

The stock’s fifty day simple moving average is $0.77 and its 200-day simple moving average is $0.54.

Hedge Funds Weigh In On SPI Energy

An institutional investor recently raised its position in SPI Energy stock. Group One Trading LLC boosted its position in SPI Energy Co., Ltd. (NASDAQ:SPI) by 1,722.4% during the 4th quarter, according to its most recent 13F 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.