Simpple (NASDAQ:SPPL) Shares Down 11% – Here’s What Happened

Shares of Simpple Ltd. (NASDAQ:SPPL) traded down 11% on Thursday . The stock traded as low as $0.32 and last traded at $0.35. 143,466 shares were traded during trading, a decline of 22% from the average session volume of 184,048 shares. The stock had previously closed at $0.40.

Simpple Trading Down 11.0 %

The stock’s fifty day simple moving average is $0.37 and its two-hundred day simple moving average is $0.52.

Institutional Investors Weigh In On Simpple

An institutional investor recently bought a new position in Simpple stock. Virtu Financial LLC purchased a new position in shares of Simpple Ltd. (NASDAQ:SPPL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,502 shares of the company’s stock, valued at approximately $36,000. Virtu Financial LLC owned 0.28% of Simpple at the end of the most recent quarter. Institutional investors own 0.01% of the company’s stock.

About Simpple

Simpple Ltd. provides advanced technology solutions in Singapore. The company engages in the sale, warranty, and maintenance of autonomous robotic cleaning equipment. It also offers SIMPPLE Ecosystem platform includes SIMPPLE Software, a software platform comprising modules related to quality management, workflow management, and people management; SIMPPLE PLUS, which offers complimentary peripherals, such as IoT sensors and robotic solutions that add value to the entire ecosystem that the company distributes, sells, and manages; and SIMPPLE.AI, a next generation facilities management autonomic intelligence engine that automates robotic and human workforce deployments.