OrangeKloud Technology (NASDAQ:ORKT) Shares Up 0% – Should You Buy?

OrangeKloud Technology Inc. (NASDAQ:ORKT)’s share price was up 0% during trading on Friday . The stock traded as high as $0.79 and last traded at $0.77. Approximately 112,843 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 1,871,594 shares. The stock had previously closed at $0.77.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on OrangeKloud Technology in a research report on Thursday, January 30th. They issued a “buy” rating and a $5.00 target price for the company.

OrangeKloud Technology Price Performance

The firm has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $3.11.

Hedge Funds Weigh In On OrangeKloud Technology

An institutional investor recently bought a new position in OrangeKloud Technology stock. XTX Topco Ltd acquired a new position in shares of OrangeKloud Technology Inc. (NASDAQ:ORKT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,186 shares of the company’s stock, valued at approximately $52,000.

OrangeKloud Technology Company Profile

Orangekloud Technology, Inc is a holding company, which engages in providing information technology consulting services. Its digital transformation projects include the sales and consulting of Microsoft Dynamics ERP software licenses. It operates through the Packaged Software Solutions, and No-Code Platform and Mobile Application segments.