Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Trading Down 1.4% – Should You Sell?

Shares of Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) dropped 1.4% during trading on Wednesday . The company traded as low as $0.73 and last traded at $0.7885. Approximately 135,479 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 698,742 shares. The stock had previously closed at $0.7994.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Hat Interactive Entertainment Technology has an average rating of “Sell”.

Blue Hat Interactive Entertainment Technology Stock Down 1.4%

The company has a debt-to-equity ratio of 0.01, a current ratio of 23.03 and a quick ratio of 7.27. The business has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.50.

Hedge Funds Weigh In On Blue Hat Interactive Entertainment Technology

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP acquired a new stake in Blue Hat Interactive Entertainment Technology in the third quarter valued at $133,000. Virtu Financial LLC acquired a new position in Blue Hat Interactive Entertainment Technology during the 3rd quarter worth about $65,000. Finally, Citadel Advisors LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at about $45,000. Institutional investors own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Company Profile

Blue Hat Interactive Entertainment Technology Inc is a China-based provider of cloud-based virtual reality (VR) and augmented reality (AR) solutions for the entertainment, theme park and location-based industries. The company’s core offerings include a software-as-a-service platform that powers interactive VR arcades, immersive theaters and digital theme parks. Through its integrated system, Blue Hat delivers both hardware and software, enabling venue operators to manage content distribution, user access and real-time analytics via a centralized cloud infrastructure.

Blue Hat’s product suite spans VR headsets, motion-sensor equipment and proprietary interactive game titles.