Spi Energy (NASDAQ:SPI) Stock Price Passes Below Two Hundred Day Moving Average of $2.27

Spi Energy Co Ltd (NASDAQ:SPI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.27 and traded as low as $2.00. Spi Energy shares last traded at $2.05, with a volume of 37,949 shares trading hands.

Separately, ValuEngine cut shares of Spi Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th.

The firm’s 50 day simple moving average is $1.94 and its 200 day simple moving average is $2.27.

An institutional investor recently bought a new position in Spi Energy stock. Citadel Advisors LLC bought a new stake in Spi Energy Co Ltd (NASDAQ:SPI) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 12,567 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned 0.09% of Spi Energy at the end of the most recent reporting period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Spi Energy Company Profile (NASDAQ:SPI)

SPI Energy Co, Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

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