MicroCloud Hologram Inc. (NASDAQ:HOLO – Get Free Report) shares fell 7.5% during mid-day trading on Friday . The company traded as low as $1.48 and last traded at $1.48. Approximately 390,731 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 300,061 shares. The stock had previously closed at $1.60.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of MicroCloud Hologram in a research note on Friday, June 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
MicroCloud Hologram Trading Down 7.5%
Institutional Investors Weigh In On MicroCloud Hologram
Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in MicroCloud Hologram in the 4th quarter valued at $123,000. Virtu Financial LLC bought a new stake in shares of MicroCloud Hologram during the 4th quarter valued at $98,000. Quadrature Capital Ltd acquired a new stake in shares of MicroCloud Hologram during the 4th quarter worth $64,000. Jane Street Group LLC acquired a new stake in shares of MicroCloud Hologram during the 4th quarter worth $60,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of MicroCloud Hologram in the third quarter worth $70,000. Institutional investors and hedge funds own 2.13% of the company’s stock.
MicroCloud Hologram Company Profile
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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