X3 (NASDAQ:XTKG) Shares Down 5% – Here’s Why

X3 Holdings Co., Ltd. (NASDAQ:XTKG)’s stock price fell 5% on Wednesday . The company traded as low as $1.53 and last traded at $1.53. 59,095 shares were traded during mid-day trading, a decline of 94% from the average session volume of 1,034,320 shares. The stock had previously closed at $1.61.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of X3 in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

X3 Stock Down 5.0%

The company’s 50 day moving average price is $1.85 and its 200 day moving average price is $1.66.

Institutional Investors Weigh In On X3

A hedge fund recently raised its stake in X3 stock. XTX Topco Ltd lifted its holdings in shares of X3 Holdings Co., Ltd. (NASDAQ:XTKG) by 360.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 58,736 shares of the company’s stock after purchasing an additional 45,966 shares during the period. XTX Topco Ltd owned 0.43% of X3 worth $67,000 at the end of the most recent reporting period. Institutional investors own 1.85% of the company’s stock.

About X3

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.