Ma Investment Partnership LP Invests $1.12 Million in Sound Group, Inc. $SOGP

Ma Investment Partnership LP bought a new position in shares of Sound Group, Inc. (NASDAQ:SOGP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the company’s stock, valued at approximately $1,122,000. Sound Group makes up 0.2% of Ma Investment Partnership LP’s investment portfolio, making the stock its 13th biggest position. Ma Investment Partnership LP owned approximately 2.22% of Sound Group at the end of the most recent reporting period.

Sound Group Stock Performance

SOGP stock opened at $13.46 on Thursday. The firm has a fifty day moving average price of $11.35 and a 200 day moving average price of $13.34. Sound Group, Inc. has a fifty-two week low of $3.40 and a fifty-two week high of $37.00. The firm has a market cap of $60.70 million, a PE ratio of -11.12 and a beta of 2.45.

Sound Group (NASDAQ:SOGP) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.01 EPS for the quarter. The business had revenue of $124.42 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings cut Sound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of Sound Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sound Group has a consensus rating of “Hold”.

Sound Group Company Profile

Sound Group Inc is a global, AI-powered audio company on a mission to help people connect better and live happier. Leveraging its voice AI technologies and deep expertise in audio interaction, Sound Group is building a diverse ecosystem of intelligent audio products that cater to a global user base. By integrating technology, innovative products, and real-world data within a user-centric ecosystem, the Company generates a powerful growth flywheel that drives continuous innovation and accelerates global expansion.