BTQ Technologies (NASDAQ:BTQ) Trading Up 10.4% – Here’s What Happened

BTQ Technologies Corp (NASDAQ:BTQGet Free Report)’s stock price was up 10.4% during mid-day trading on Monday . The company traded as high as $3.85 and last traded at $3.83. Approximately 1,173,404 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 2,849,972 shares. The stock had previously closed at $3.47.

Analyst Ratings Changes

Separately, Alliance Global Partners reissued a “buy” rating on shares of BTQ Technologies in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Check Out Our Latest Research Report on BTQ

BTQ Technologies Stock Up 1.3%

The firm’s 50 day moving average is $4.32 and its two-hundred day moving average is $3.57.

BTQ Technologies (NASDAQ:BTQGet Free Report) last posted its quarterly earnings results on Saturday, May 16th. The company reported ($0.10) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On BTQ Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in BTQ Technologies in the 1st quarter valued at about $290,000. Corient Private Wealth LLC increased its position in BTQ Technologies by 10.4% during the fourth quarter. Corient Private Wealth LLC now owns 45,990 shares of the company’s stock worth $235,000 after buying an additional 4,350 shares during the last quarter. Virtu Financial LLC acquired a new position in BTQ Technologies during the fourth quarter worth approximately $567,000. Engineers Gate Manager LP bought a new stake in BTQ Technologies in the fourth quarter valued at approximately $265,000. Finally, Cetera Investment Advisers bought a new stake in BTQ Technologies in the fourth quarter valued at approximately $60,000.

BTQ Technologies Corp is a technology company in the Systems Software industry.

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