Sphere 3D (ANY) Shares Down 9.2%

Shares of Sphere 3D Corp. (NASDAQ:ANY) fell 9.2% during trading on Thursday . The stock traded as low as $2.60 and last traded at $2.68. 535,100 shares traded hands during trading, a decline of 12% from the average session volume of 605,386 shares. The stock had previously closed at $2.95.

Separately, Zacks Investment Research downgraded shares of Sphere 3D from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

The stock has a market cap of $17.95, a PE ratio of -0.44 and a beta of 3.33.

An institutional investor recently raised its position in Sphere 3D stock. Virtu KCG Holdings LLC lifted its position in Sphere 3D Corp. (NASDAQ:ANY) by 540.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 866,676 shares of the technology company’s stock after acquiring an additional 731,429 shares during the quarter. Virtu KCG Holdings LLC owned approximately 21.10% of Sphere 3D worth $167,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.13% of the company’s stock.

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Sphere 3D Company Profile

Sphere 3D Corp. provides virtualization technologies and data management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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