SGOCO Group (NASDAQ:SGOC) Stock Price Crosses Below Two Hundred Day Moving Average of $1.01

SGOCO Group, Ltd. (NASDAQ:SGOC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.01 and traded as low as $0.94. SGOCO Group shares last traded at $0.94, with a volume of 1,477 shares.

The stock has a 50 day moving average price of $0.97 and a two-hundred day moving average price of $1.01.

An institutional investor recently raised its position in SGOCO Group stock. Citadel Advisors LLC raised its position in SGOCO Group, Ltd. (NASDAQ:SGOC) by 199.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,373 shares of the technology company’s stock after buying an additional 37,574 shares during the quarter. Citadel Advisors LLC owned 0.07% of SGOCO Group worth $58,000 at the end of the most recent reporting period. 0.07% of the stock is owned by hedge funds and other institutional investors.

About SGOCO Group (NASDAQ:SGOC)

SGOCO Group, Ltd. engages in the product design, distribution, and brand development in the display and computer product market in Mainland China and Hongkong. The company also provides energy saving products and services. Its products include LCD/LED monitors; all-in-one and part-in-one computers; virtual reality technology and devices; and phase change material thermal energy storage products.

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