Gridsum (NASDAQ:GSUM) Stock Price Up 3.8%

Gridsum Holding Inc – (NASDAQ:GSUM) shares rose 3.8% during mid-day trading on Monday . The company traded as high as $2.44 and last traded at $2.44, approximately 3,014 shares traded hands during mid-day trading. A decline of 90% from the average daily volume of 30,506 shares. The stock had previously closed at $2.35.

The business has a 50-day moving average of $2.04 and a 200-day moving average of $2.42.

Gridsum (NASDAQ:GSUM) last announced its earnings results on Monday, September 9th. The technology company reported ($0.52) earnings per share for the quarter. The firm had revenue of $10.15 million for the quarter.

Several hedge funds have recently added to or reduced their stakes in the stock. Natixis bought a new position in Gridsum during the 2nd quarter valued at about $39,000. Renaissance Technologies LLC raised its position in Gridsum by 25.4% in the 2nd quarter. Renaissance Technologies LLC now owns 346,787 shares of the technology company’s stock worth $964,000 after purchasing an additional 70,248 shares during the period. Athos Capital Ltd lifted its stake in Gridsum by 163.7% in the second quarter. Athos Capital Ltd now owns 161,075 shares of the technology company’s stock worth $448,000 after purchasing an additional 100,003 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Gridsum in the third quarter worth about $196,000. 24.56% of the stock is owned by hedge funds and other institutional investors.

About Gridsum (NASDAQ:GSUM)

Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.

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