Seven Stars Cloud Group Inc (NASDAQ:SSC)’s share price was down 5.7% during trading on Friday . The company traded as low as $1.61 and last traded at $1.64. Approximately 505,066 shares changed hands during trading, a decline of 47% from the average daily volume of 959,342 shares. The stock had previously closed at $1.74.
A number of equities analysts recently commented on SSC shares. ValuEngine upgraded shares of Seven Stars Cloud Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. BidaskClub upgraded shares of Seven Stars Cloud Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th.
An institutional investor recently bought a new position in Seven Stars Cloud Group stock. Cutler Group LP purchased a new stake in Seven Stars Cloud Group Inc (NASDAQ:SSC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,172 shares of the technology company’s stock, valued at approximately $139,000. Institutional investors own 1.76% of the company’s stock.
Seven Stars Cloud Group Company Profile
Seven Stars Cloud Group, Inc, formerly Wecast Network, Inc, is engaged in providing cloud-based, business to business (B2B) solutions for business landscape. The Company focuses on BASE technology and infrastructure including Blockchain, artificial intelligence, supply chain and exchanges to the virtual platform as a service (v pass).
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