Sphere 3D (NASDAQ:ANY) Stock Price Up 6.5%

Shares of Sphere 3D Corp (NASDAQ:ANY) rose 6.5% during mid-day trading on Wednesday . The stock traded as high as $0.83 and last traded at $0.82, approximately 152,951 shares were traded during mid-day trading. An increase of 71% from the average daily volume of 89,355 shares. The stock had previously closed at $0.77.

Separately, ValuEngine cut Sphere 3D from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

The stock’s 50 day moving average is $0.77 and its 200 day moving average is $1.14.

Sphere 3D (NASDAQ:ANY) last posted its quarterly earnings results on Thursday, November 14th. The technology company reported $0.10 EPS for the quarter. The company had revenue of $1.37 million during the quarter.

An institutional investor recently raised its position in Sphere 3D stock. Morgan Stanley lifted its position in Sphere 3D Corp (NASDAQ:ANY) by 1,003.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,117 shares of the technology company’s stock after purchasing an additional 33,754 shares during the quarter. Morgan Stanley owned about 1.61% of Sphere 3D worth $58,000 at the end of the most recent quarter. 5.26% of the stock is currently owned by hedge funds and other institutional investors.

About Sphere 3D (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

Further Reading: Neutral Rating

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