SGOCO Group (NASDAQ:SGOC) Trading 10.8% Higher

SGOCO Group, Ltd. (NASDAQ:SGOC)’s share price traded up 10.8% on Wednesday . The stock traded as high as $6.52 and last traded at $6.18. 26,472 shares traded hands during trading, a decline of 99% from the average session volume of 4,159,665 shares. The stock had previously closed at $5.58.

The firm’s 50 day moving average price is $8.20 and its two-hundred day moving average price is $4.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.44 and a current ratio of 3.44.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. acquired a new position in SGOCO Group in the 1st quarter valued at about $29,000. Citadel Advisors LLC acquired a new position in SGOCO Group in the 1st quarter valued at about $53,000. Millennium Management LLC acquired a new position in SGOCO Group in the 1st quarter valued at about $54,000. Geode Capital Management LLC acquired a new position in SGOCO Group in the 1st quarter valued at about $100,000. Finally, Renaissance Technologies LLC grew its stake in SGOCO Group by 345.2% in the 1st quarter. Renaissance Technologies LLC now owns 59,195 shares of the technology company’s stock valued at $125,000 after buying an additional 45,900 shares during the last quarter. Institutional investors and hedge funds own 0.25% of the company’s stock.

SGOCO Group Company Profile (NASDAQ:SGOC)

SGOCO Group Ltd. is a holding company, which engages in environmental protection, energy saving technologies, equipment development and applications, money lending business in Hong Kong providing mortgage loans to high quality target borrowers and property investment to generate additional rental income.

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