Trident Digital Tech (NASDAQ:TDTH) Trading Up 5.8% – Here’s What Happened

Trident Digital Tech Holdings Ltd (NASDAQ:TDTHGet Free Report) shares were up 5.8% during trading on Monday . The company traded as high as $2.82 and last traded at $2.72. Approximately 69,076 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 121,222 shares. The stock had previously closed at $2.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trident Digital Tech presently has a consensus rating of “Sell”.

Read Our Latest Stock Report on Trident Digital Tech

Trident Digital Tech Stock Performance

The firm’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $8.41.

Trident Digital Tech (NASDAQ:TDTHGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($3.52) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter.

Institutional Trading of Trident Digital Tech

Several institutional investors have recently added to or reduced their stakes in TDTH. XTX Topco Ltd boosted its position in Trident Digital Tech by 397.6% during the fourth quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after buying an additional 76,879 shares during the period. J. Derek Lewis & Associates Inc. purchased a new stake in Trident Digital Tech during the fourth quarter valued at about $59,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Trident Digital Tech by 547.5% during the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock worth $81,000 after purchasing an additional 358,513 shares during the period.

Trident Digital Tech Company Profile

(Get Free Report)

Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.

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