Lite Strategy (NASDAQ:LITS) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Lite Strategy (NASDAQ:LITS) from a strong sell rating to a sell rating in a research note released on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Lite Strategy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lite Strategy has a consensus rating of “Sell”.

Lite Strategy Price Performance

LITS stock opened at $1.38 on Friday. The company has a 50 day simple moving average of $1.07 and a 200 day simple moving average of $1.05. The stock has a market cap of $41.97 million, a price-to-earnings ratio of -0.70 and a beta of 0.17. Lite Strategy has a 1 year low of $0.69 and a 1 year high of $2.97.

Lite Strategy (NASDAQ:LITS) last posted its earnings results on Monday, September 28th. The company reported ($0.38) earnings per share for the quarter.

Hedge Funds Weigh In On Lite Strategy

Several large investors have recently modified their holdings of the business. Alpine Global Management LLC bought a new stake in shares of Lite Strategy in the fourth quarter worth $66,000. GSA Capital Partners LLP bought a new position in Lite Strategy during the 2nd quarter worth $57,000. ADAR1 Capital Management LLC acquired a new position in Lite Strategy during the 2nd quarter worth about $62,000. BlackRock Inc. acquired a new position in Lite Strategy during the 2nd quarter worth about $254,000. Finally, Mozayyx Management LLC bought a new stake in shares of Lite Strategy in the 4th quarter valued at about $739,000. Institutional investors own 52.38% of the company’s stock.

About Lite Strategy