SPI Energy (NASDAQ:SPI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

SPI Energy Co., Ltd. (NASDAQ:SPI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.52 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares trading hands.

SPI Energy Trading Down 10.4 %

The firm’s fifty day moving average price is $0.75 and its 200-day moving average price is $0.52.

Institutional Investors Weigh In On SPI Energy

An institutional investor recently raised its position in SPI Energy stock. Geode Capital Management LLC increased its stake in SPI Energy Co., Ltd. (NASDAQ:SPI) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,399 shares of the company’s stock after purchasing an additional 38,477 shares during the quarter. Geode Capital Management LLC owned about 0.66% of SPI Energy worth $81,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

SPI Energy Company Profile

SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies.