Metalpha Technology (NASDAQ:MATH) Stock Price Up 1.5% – Here’s Why

Metalpha Technology Holding Limited (NASDAQ:MATH) shares rose 1.5% on Monday . The stock traded as high as $1.02 and last traded at $0.9750. Approximately 30,008 shares were traded during trading, a decline of 69% from the average session volume of 95,267 shares. The stock had previously closed at $0.9610.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Metalpha Technology Trading Up 1.5%

The company has a fifty day moving average of $1.04 and a two-hundred day moving average of $1.45.

Institutional Trading of Metalpha Technology

Several hedge funds have recently made changes to their positions in MATH. Goldman Sachs Group Inc. boosted its holdings in shares of Metalpha Technology by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock valued at $35,000 after acquiring an additional 6,040 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Metalpha Technology during the first quarter worth about $53,000. HRT Financial LP raised its holdings in Metalpha Technology by 242.0% during the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after purchasing an additional 25,305 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new position in Metalpha Technology during the second quarter worth about $100,000. Institutional investors and hedge funds own 30.53% of the company’s stock.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.