Metalpha Technology (NASDAQ:MATH) Shares Climb 0.5% – Still a Buy?

Metalpha Technology Holding Limited (NASDAQ:MATH)’s share price rose 0.5% during trading on Thursday. The company traded as high as $1.10 and last traded at $1.0450. Approximately 59,243 shares changed hands during trading, an increase of 16% from the average daily volume of 51,231 shares. The stock had previously closed at $1.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Metalpha Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Metalpha Technology Stock Performance

The stock’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.09.

Metalpha Technology (NASDAQ:MATH) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The company had revenue of $0.53 million during the quarter.

Institutional Trading of Metalpha Technology

A hedge fund recently bought a new position in Metalpha Technology stock. Renaissance Technologies LLC purchased a new stake in shares of Metalpha Technology Holding Limited (NASDAQ:MATH) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned about 0.12% of Metalpha Technology at the end of the most recent reporting period. Institutional investors own 30.53% of the company’s stock.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited (NASDAQ: MATH) is a financial technology company focused on digital asset wealth management and related financial services. Through its operating businesses, the company develops and provides structured products and other solutions designed to help institutional and professional investors manage exposure to cryptocurrencies and other digital assets.

The company’s offerings have included customized digital asset investment products, over-the-counter derivatives and lending-related services.