Pheton (NASDAQ:PTHL) Trading 4.4% Higher – Still a Buy?

Pheton Holdings Ltd (NASDAQ:PTHLGet Free Report) shares rose 4.4% during trading on Friday . The stock traded as high as $0.3119 and last traded at $0.3007. Approximately 54,385 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,345,881 shares. The stock had previously closed at $0.2879.

Pheton Stock Up 3.4%

The business’s 50 day moving average is $0.32 and its two-hundred day moving average is $0.44.

Hedge Funds Weigh In On Pheton

An institutional investor recently raised its position in Pheton stock. XTX Topco Ltd lifted its stake in shares of Pheton Holdings Ltd (NASDAQ:PTHLFree Report) by 67.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,835 shares of the company’s stock after purchasing an additional 33,427 shares during the quarter. XTX Topco Ltd owned 1.26% of Pheton worth $35,000 as of its most recent SEC filing.

Pheton Company Profile

(Get Free Report)

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company was founded in 1998 and is headquartered in Beijing, China.

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