Shares of Trident Digital Tech Holdings Ltd (NASDAQ:TDTH – Get Free Report) traded up 1.8% during mid-day trading on Friday . The stock traded as high as $1.68 and last traded at $1.68. 42,319 shares traded hands during trading, a decline of 70% from the average daily volume of 140,112 shares. The stock had previously closed at $1.65.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Weiss Ratings raised Trident Digital Tech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of Trident Digital Tech to a “sell” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Trident Digital Tech currently has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on TDTH
Trident Digital Tech Trading Up 1.8%
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd increased its position in shares of Trident Digital Tech by 397.6% during the 4th quarter. XTX Topco Ltd now owns 96,217 shares of the company’s stock valued at $29,000 after purchasing an additional 76,879 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in shares of Trident Digital Tech in the fourth quarter worth approximately $59,000. Finally, Renaissance Technologies LLC grew its position in Trident Digital Tech by 547.5% during the first quarter. Renaissance Technologies LLC now owns 424,000 shares of the company’s stock valued at $81,000 after buying an additional 358,513 shares during the period.
Trident Digital Tech Company Profile
Trident Digital Tech Holdings Ltd. engages in the provision of business consulting services and information technology customization solutions. Its products include Tridentity, TriVerse, TriEvents, and TriFood. The company was founded by Soon Huat Lim in 2014 and is headquartered in Singapore.
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