Metalpha Technology Holding Limited (NASDAQ:MATH – Get Free Report) was up 2.4% on Friday . The stock traded as high as $1.08 and last traded at $1.01. 79,107 shares traded hands during trading, a decline of 60% from the average session volume of 196,902 shares. The stock had previously closed at $0.9861.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Metalpha Technology currently has a consensus rating of “Sell”.
Get Our Latest Analysis on MATH
Metalpha Technology Stock Up 2.4%
Metalpha Technology (NASDAQ:MATH – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $12.56 million for the quarter.
Hedge Funds Weigh In On Metalpha Technology
A hedge fund recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC bought a new stake in Metalpha Technology Holding Limited (NASDAQ:MATH – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned approximately 0.12% of Metalpha Technology as of its most recent SEC filing. 30.53% of the stock is owned by institutional investors.
Metalpha Technology Company Profile
Metalpha Technology Holding Limited is a digital asset technology and wealth management company focused on serving institutional clients. The company develops and provides financial products and services related to digital assets, including structured products and other solutions designed to help institutions manage cryptocurrency exposure.
Metalpha has been associated with the development of digital asset investment and risk-management products, with its operations centered primarily on the cryptocurrency and blockchain sectors.
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