MicroAlgo (NASDAQ:MLGO) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

MicroAlgo (NASDAQ:MLGO – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MicroAlgo in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Get Our Latest Analysis on MLGO

MicroAlgo Trading Up 1.5%

Shares of MicroAlgo stock opened at $5.36 on Friday. The firm has a market capitalization of $4.13 million, a PE ratio of -0.01 and a beta of -1.44. MicroAlgo has a 12 month low of $4.30 and a 12 month high of $972.00. The business’s 50-day moving average price is $6.63 and its 200-day moving average price is $9.80.

Institutional Investors Weigh In On MicroAlgo

Several institutional investors have recently bought and sold shares of MLGO. Jane Street Group LLC increased its stake in MicroAlgo by 42.0% in the 1st quarter. Jane Street Group LLC now owns 36,200 shares of the company’s stock worth $878,000 after purchasing an additional 10,705 shares during the period. Man Group plc bought a new position in shares of MicroAlgo in the third quarter worth approximately $102,000. GSA Capital Partners LLP purchased a new position in shares of MicroAlgo in the third quarter worth $190,000. Bank of America Corp DE increased its stake in shares of MicroAlgo by 1,021.8% in the third quarter. Bank of America Corp DE now owns 32,228 shares of the company’s stock worth $295,000 after buying an additional 29,355 shares during the period. Finally, Murchinson Ltd. bought a new stake in MicroAlgo during the 2nd quarter valued at $153,000. 1.10% of the stock is currently owned by hedge funds and other institutional investors.

About MicroAlgo

(Get Free Report)

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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