Gridsum (GSUM) Reaches New 1-Year Low at $3.61
Gridsum Holding Inc – (NASDAQ:GSUM) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $3.61 and last traded at $3.72, with a volume of 2800 shares. The stock had previously closed at $4.06.
Separately, ValuEngine upgraded shares of Gridsum from a “hold” rating to a “buy” rating in a report on Saturday, November 10th.
Several institutional investors have recently modified their holdings of GSUM. Citadel Advisors LLC acquired a new position in shares of Gridsum in the 2nd quarter valued at $110,000. Light Street Capital Management LLC boosted its holdings in shares of Gridsum by 53.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,608,528 shares of the technology company’s stock valued at $18,155,000 after buying an additional 912,060 shares in the last quarter. Finally, Athos Capital Ltd boosted its holdings in shares of Gridsum by 16.9% in the 3rd quarter. Athos Capital Ltd now owns 284,404 shares of the technology company’s stock valued at $1,826,000 after buying an additional 41,112 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.
Gridsum Company Profile (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 performs multi-dimensional correlation analysis and analyzes complex real-time events.
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