Fujian Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Shares Down 4.5%

Shares of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) dropped 4.5% during trading on Friday . The stock traded as low as $1.02 and last traded at $1.07. Approximately 74,344 shares were traded during trading, a decline of 26% from the average daily volume of 100,511 shares. The stock had previously closed at $1.12.

Fujian Blue Hat Interactive Entertainment Technology Price Performance

The company has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.13.

Institutional Investors Weigh In On Fujian Blue Hat Interactive Entertainment Technology

An institutional investor recently bought a new position in Fujian Blue Hat Interactive Entertainment Technology stock. Hudson Bay Capital Management LP purchased a new position in shares of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 63,000 shares of the company’s stock, valued at approximately $86,000. Hudson Bay Capital Management LP owned approximately 0.64% of Fujian Blue Hat Interactive Entertainment Technology at the end of the most recent reporting period. Institutional investors own 1.94% of the company’s stock.

Fujian Blue Hat Interactive Entertainment Technology Company Profile

Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction, as well as Talking Tom and Friends' Bouncing Bubble.