Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Trading Up 1.4% – Time to Buy?

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT)’s share price traded up 1.4% on Thursday . The company traded as high as $1.45 and last traded at $1.40. 96,709 shares were traded during mid-day trading, an increase of 143% from the average session volume of 39,771 shares. The stock had previously closed at $1.38.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a research note on Wednesday, October 8th. Wall Street Zen raised Blue Hat Interactive Entertainment Technology to a “hold” rating in a research note on Saturday, October 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Blue Hat Interactive Entertainment Technology Stock Down 0.7%

The company has a current ratio of 23.03, a quick ratio of 7.27 and a debt-to-equity ratio of 0.01. The business’s 50-day simple moving average is $1.48 and its 200-day simple moving average is $1.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Blue Hat Interactive Entertainment Technology in the 3rd quarter worth approximately $65,000. Citadel Advisors LLC acquired a new stake in Blue Hat Interactive Entertainment Technology in the 3rd quarter worth about $45,000. Finally, Susquehanna International Group LLP acquired a new stake in Blue Hat Interactive Entertainment Technology in the 3rd quarter worth about $133,000. 1.94% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Hat Interactive Entertainment Technology

Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction, as well as Talking Tom and Friends' Bouncing Bubble.