Seven Stars Cloud Group (SSC) Upgraded to Hold by BidaskClub

Seven Stars Cloud Group (NASDAQ:SSC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday, October 19th.

Shares of SSC stock traded down $0.23 during mid-day trading on Friday, hitting $3.10. The stock had a trading volume of 372,250 shares, compared to its average volume of 402,508. Seven Stars Cloud Group has a 12-month low of $1.41 and a 12-month high of $7.00.

Seven Stars Cloud Group (NASDAQ:SSC) last issued its earnings results on Monday, August 13th. The technology company reported ($0.12) earnings per share for the quarter. Seven Stars Cloud Group had a negative return on equity of 72.38% and a negative net margin of 5.37%. The firm had revenue of $132.99 million during the quarter.

An institutional investor recently bought a new position in Seven Stars Cloud Group stock. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Seven Stars Cloud Group Inc (NASDAQ:SSC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,250 shares of the technology company’s stock, valued at approximately $103,000. 1.62% of the stock is currently owned by institutional investors.

Seven Stars Cloud Group Company Profile

Seven Stars Cloud Group, Inc operates as an Artificial-Intelligent (AI) and Blockchain-powered Fintech company in the People's Republic of China. The company provides asset owners and holders a method and platform for digital asset securitization, tokenization, and trading through managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets, such as commodities, currency, and credit into the asset digitalization.

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