Aspen Group (NASDAQ:ASPU) Stock Passes Above 50 Day Moving Average of $0.10

Aspen Group, Inc. (NASDAQ:ASPU – Get Rating) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.10 and traded as high as $0.18. Aspen Group shares last traded at $0.17, with a volume of 21,458 shares.

Aspen Group Trading Down 5.7 %

The company has a fifty day simple moving average of $0.10 and a two-hundred day simple moving average of $0.22. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.28. The company has a market cap of $4.20 million, a PE ratio of -0.35 and a beta of 1.35.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ASPU. Cruiser Capital Advisors LLC increased its holdings in shares of Aspen Group by 45.2% in the 1st quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company’s stock valued at $94,000 after acquiring an additional 18,006 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Aspen Group by 470.1% in the 2nd quarter. Renaissance Technologies LLC now owns 63,277 shares of the technology company’s stock valued at $62,000 after acquiring an additional 52,177 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Aspen Group in the 2nd quarter valued at about $31,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Aspen Group in the 3rd quarter valued at about $30,000. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Aspen Group in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 32.85% of the company’s stock.

Aspen Group Company Profile

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Aspen Group, Inc is a holding company, which engages in the provision of education. It offers certificate programs and associate, bachelor, master, and doctoral degree programs in areas, including business and organization management, education, nursing, information technology, and general studies. The company was founded in 1987 and is headquartered in New York, NY.