Seven Stars Cloud Group (SSC) Trading -9.1% Higher

Seven Stars Cloud Group Inc (NASDAQ:SSC) shares traded up 9.1% on Wednesday . The stock traded as high as $2.15 and last traded at $1.80. 778,854 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 1,004,189 shares. The stock had previously closed at $1.98.

Several research analysts have recently weighed in on the company. BidaskClub cut Seven Stars Cloud Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. ValuEngine cut Seven Stars Cloud Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

The stock has a market cap of $105.24, a P/E ratio of -2.97 and a beta of 2.12.

A hedge fund recently bought a new stake in Seven Stars Cloud Group stock. Cutler Group LP acquired a new position in Seven Stars Cloud Group Inc (NASDAQ:SSC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,172 shares of the technology company’s stock, valued at approximately $139,000. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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About Seven Stars Cloud Group

Seven Stars Cloud Group, Inc, formerly Wecast Network, Inc, is engaged in providing cloud-based, business to business (B2B) solutions for business landscape. The Company focuses on BASE technology and infrastructure including Blockchain, artificial intelligence, supply chain and exchanges to the virtual platform as a service (v pass).

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