MicroAlgo (NASDAQ:MLGO – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($1.39) EPS for the quarter, FiscalAI reports. The company had revenue of $10.06 million for the quarter.
MicroAlgo Price Performance
NASDAQ:MLGO opened at $4.04 on Friday. MicroAlgo has a fifty-two week low of $3.02 and a fifty-two week high of $13.60. The stock’s 50-day moving average is $4.14 and its two-hundred day moving average is $4.16. The stock has a market cap of $3.11 million, a PE ratio of -0.01 and a beta of -0.88.
Institutional Trading of MicroAlgo
A number of hedge funds have recently made changes to their positions in the stock. Aristides Capital LLC acquired a new stake in shares of MicroAlgo during the fourth quarter worth approximately $45,000. HRT Financial LP acquired a new position in MicroAlgo in the 4th quarter valued at approximately $66,000. Man Group plc acquired a new position in MicroAlgo in the 3rd quarter valued at approximately $102,000. Murchinson Ltd. acquired a new position in MicroAlgo in the 2nd quarter valued at approximately $153,000. Finally, Bank of America Corp DE boosted its stake in shares of MicroAlgo by 1,021.8% during the 3rd quarter. Bank of America Corp DE now owns 32,228 shares of the company’s stock valued at $295,000 after buying an additional 29,355 shares during the period. 1.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on MicroAlgo
About MicroAlgo
MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services. It offers services that includes algorithm optimization, accelerating computing power without the need for hardware upgrades, data processing, and data intelligence services.
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