Spi Energy Co Ltd (NASDAQ:SPI)’s stock price fell 12.2% during trading on Thursday . The company traded as low as $3.13 and last traded at $3.30, 713,768 shares were traded during mid-day trading. An increase of 118% from the average session volume of 328,139 shares. The stock had previously closed at $3.76.
Separately, ValuEngine raised shares of Spi Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd.
The company’s 50 day moving average is $2.03 and its 200-day moving average is $2.80. The company has a debt-to-equity ratio of 286.77, a quick ratio of 0.37 and a current ratio of 0.44.
About Spi Energy (NASDAQ:SPI)
SPI Energy Co, Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers.
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