Aspen Group (NASDAQ:ASPU) Shares Pass Above Fifty Day Moving Average of $0.23

Aspen Group, Inc. (NASDAQ:ASPU) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.23 and traded as high as $0.27. Aspen Group shares last traded at $0.26, with a volume of 15,423 shares.

Aspen Group Stock Down 2.5 %

The stock’s fifty day simple moving average is $0.23 and its two-hundred day simple moving average is $0.19.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.06) EPS for the quarter. The firm had revenue of $13.83 million for the quarter.

Institutional Investors Weigh In On Aspen Group

A number of institutional investors have recently made changes to their positions in the company. Cruiser Capital Advisors LLC grew its holdings in shares of Aspen Group by 45.2% during the first quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company’s stock valued at $94,000 after buying an additional 18,006 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Aspen Group during the second quarter valued at approximately $31,000. Renaissance Technologies LLC grew its holdings in shares of Aspen Group by 470.1% during the second quarter. Renaissance Technologies LLC now owns 63,277 shares of the technology company’s stock valued at $62,000 after buying an additional 52,177 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Aspen Group during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

About Aspen Group

Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University.