BTQ Technologies (NASDAQ:BTQ) Shares Up 16.9% – Still a Buy?

BTQ Technologies Corp (NASDAQ:BTQ)’s stock price was up 16.9% during trading on Thursday . The company traded as high as $3.83 and last traded at $3.81. Approximately 4,884,182 shares changed hands during mid-day trading, an increase of 99% from the average daily volume of 2,454,218 shares. The stock had previously closed at $3.26.

BTQ Technologies Trading Up 16.9%

The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $5.28.

Hedge Funds Weigh In On BTQ Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of BTQ Technologies during the third quarter valued at about $27,000. Royal Bank of Canada lifted its position in BTQ Technologies by 379.4% during the fourth quarter. Royal Bank of Canada now owns 6,088 shares of the company’s stock valued at $32,000 after acquiring an additional 4,818 shares during the last quarter. WealthCollab LLC acquired a new stake in BTQ Technologies in the third quarter valued at approximately $69,000. Cetera Investment Advisers acquired a new stake in BTQ Technologies in the fourth quarter valued at approximately $60,000. Finally, Abundance Wealth Counselors purchased a new position in BTQ Technologies in the third quarter worth $83,000.