MicroCloud Hologram (NASDAQ:HOLO) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of MicroCloud Hologram (NASDAQ:HOLO – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of MicroCloud Hologram in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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MicroCloud Hologram Price Performance

HOLO opened at $1.77 on Friday. MicroCloud Hologram has a 12 month low of $1.43 and a 12 month high of $7.08. The stock has a market capitalization of $25.79 million, a P/E ratio of -0.01 and a beta of 2.90. The business has a 50 day simple moving average of $1.61 and a 200-day simple moving average of $1.85.

MicroCloud Hologram (NASDAQ:HOLO – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.38) earnings per share for the quarter. The company had revenue of $15.73 million during the quarter.

Institutional Investors Weigh In On MicroCloud Hologram

A number of hedge funds and other institutional investors have recently modified their holdings of HOLO. Caitong International Asset Management Co. Ltd purchased a new stake in shares of MicroCloud Hologram during the 4th quarter worth approximately $123,000. Virtu Financial LLC purchased a new position in MicroCloud Hologram in the 4th quarter valued at approximately $98,000. Quadrature Capital Ltd purchased a new position in MicroCloud Hologram in the 4th quarter valued at approximately $64,000. Jane Street Group LLC acquired a new position in MicroCloud Hologram during the fourth quarter worth $60,000. Finally, Qube Research & Technologies Ltd acquired a new position in MicroCloud Hologram during the third quarter worth $70,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

MicroCloud Hologram Company Profile

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MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.

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