Weiss Ratings Reiterates “Sell (D)” Rating for Vivopower International (NASDAQ:VVPR)

Vivopower International (NASDAQ:VVPR)‘s stock had its “sell (d)” rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Vivopower International Stock Performance

Shares of Vivopower International stock opened at $4.87 on Wednesday. The business has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $4.70. Vivopower International has a fifty-two week low of $0.62 and a fifty-two week high of $8.88.

Institutional Investors Weigh In On Vivopower International

Hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its holdings in shares of Vivopower International by 7,088.4% during the second quarter. SBI Securities Co. Ltd. now owns 11,789 shares of the company’s stock valued at $48,000 after purchasing an additional 11,625 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Vivopower International in the 2nd quarter worth about $53,000. Finally, Legal & General Group Plc acquired a new position in Vivopower International in the 2nd quarter worth about $383,000. 15.80% of the stock is owned by hedge funds and other institutional investors.

About Vivopower International

VivoPower International PLC, together with its subsidiaries, operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates. It operates through Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments.