Cheer (NASDAQ:CHR) Trading Down 2.9% – Should You Sell?

Cheer Holding, Inc. (NASDAQ:CHR) fell 2.9% during mid-day trading on Thursday . The stock traded as low as $1.84 and last traded at $1.8550. 11,886 shares traded hands during trading, a decline of 82% from the average daily volume of 66,854 shares. The stock had previously closed at $1.91.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cheer in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheer has an average rating of “Sell”.

Cheer Stock Performance

The firm’s 50-day simple moving average is $1.97 and its 200 day simple moving average is $2.84.

Institutional Trading of Cheer

An institutional investor recently bought a new stake in Cheer stock. Jane Street Group LLC acquired a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer at the end of the most recent quarter. 18.54% of the stock is owned by institutional investors and hedge funds.

Cheer Company Profile

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.