Sphere 3D (NASDAQ:ANY) Stock Passes Below Two Hundred Day Moving Average of $0.41

Sphere 3D Corp. (NASDAQ:ANY – Get Rating)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.41 and traded as low as $0.28. Sphere 3D shares last traded at $0.30, with a volume of 640,695 shares changing hands.

Sphere 3D Stock Performance

The firm has a market capitalization of $21.85 million, a P/E ratio of -0.23 and a beta of 2.45. The firm has a 50 day moving average price of $0.39 and a two-hundred day moving average price of $0.41.

Hedge Funds Weigh In On Sphere 3D

A number of institutional investors have recently bought and sold shares of ANY. XTX Topco Ltd purchased a new position in Sphere 3D during the 1st quarter worth approximately $43,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Sphere 3D in the first quarter worth $48,000. Virtu Financial LLC grew its holdings in shares of Sphere 3D by 55.7% during the second quarter. Virtu Financial LLC now owns 190,470 shares of the technology company’s stock valued at $102,000 after buying an additional 68,147 shares in the last quarter. HBK Sorce Advisory LLC acquired a new position in Sphere 3D during the third quarter valued at $106,000. Finally, Renaissance Technologies LLC lifted its stake in Sphere 3D by 62.9% in the 1st quarter. Renaissance Technologies LLC now owns 851,276 shares of the technology company’s stock worth $1,788,000 after acquiring an additional 328,746 shares in the last quarter. Hedge funds and other institutional investors own 1.20% of the company’s stock.

Sphere 3D Company Profile

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Sphere 3D Corp. engages in the provision of solutions for stand-alone storage and technologies that converge the traditional silos of computation, storage and network into one integrated hyper-converged or converged solution. It offers solutions to the call centers, education, healthcare, professional firms, and telecommunication industries.