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.

COPYRIGHT VIOLATION WARNING: “Gridsum (GSUM) Reaches New 1-Year Low at $3.61” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/gridsum-gsum-reaches-new-1-year-low-at-3-61/2671083.html.

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.

Further Reading: What are the components of an earnings report?

Receive News & Ratings for Gridsum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gridsum and related companies with MarketBeat.com's FREE daily email newsletter.