SPI Energy (NASDAQ:SPI) Share Price Passes Above 200 Day Moving Average – Time to 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 $0.59 and traded as high as $1.36. SPI Energy shares last traded at $0.77, with a volume of 44,409,278 shares changing hands.

SPI Energy Price Performance

The company has a 50-day simple moving average of $0.77 and a 200 day simple moving average of $0.59.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPI Energy stock. Geode Capital Management LLC lifted its stake in shares of SPI Energy Co., Ltd. (NASDAQ:SPI) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,399 shares of the company’s stock after acquiring an additional 38,477 shares during the quarter. Geode Capital Management LLC owned approximately 0.66% of SPI Energy worth $81,000 at the end of the most recent reporting period. 1.73% of the stock is currently owned by institutional investors and hedge funds.

About SPI Energy

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.