SinglePoint (OTCMKTS:SING) Stock Crosses Below Fifty Day Moving Average of $0.30

Shares of SinglePoint Inc. (OTCMKTS:SING) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.30 and traded as low as $0.17. SinglePoint shares last traded at $0.20, with a volume of 1,128,369 shares trading hands.

SinglePoint Trading Up 18.2 %

The company has a 50 day moving average of $0.30 and a 200 day moving average of $0.68. The firm has a market cap of $66,381.00, a price-to-earnings ratio of 0.00 and a beta of -0.41.

Hedge Funds Weigh In On SinglePoint

A hedge fund recently bought a new stake in SinglePoint stock. UMB Bank n.a. acquired a new stake in SinglePoint Inc. (OTCMKTS:SING) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,000 shares of the company’s stock, valued at approximately $129,000. UMB Bank n.a. owned about 18.35% of SinglePoint at the end of the most recent quarter.

About SinglePoint

SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.