Lite Strategy (NASDAQ:LITS) Upgraded at Wall Street Zen

Lite Strategy (NASDAQ:LITS) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Lite Strategy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Lite Strategy Stock Up 4.9%

LITS opened at $1.02 on Friday. Lite Strategy has a 52 week low of $0.69 and a 52 week high of $2.26. The firm has a market cap of $31.02 million, a P/E ratio of -0.52 and a beta of 0.17. The business’s fifty day simple moving average is $1.17 and its 200 day simple moving average is $1.09.

Lite Strategy (NASDAQ:LITS) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.48 EPS for the quarter.

Hedge Funds Weigh In On Lite Strategy

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in shares of Lite Strategy in the second quarter valued at approximately $57,000. ADAR1 Capital Management LLC acquired a new stake in shares of Lite Strategy in the second quarter worth $62,000. BlackRock Inc. bought a new stake in shares of Lite Strategy during the second quarter worth $254,000. Finally, Renaissance Technologies LLC increased its holdings in Lite Strategy by 13.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,744,700 shares of the company’s stock worth $2,024,000 after purchasing an additional 203,278 shares in the last quarter. Institutional investors and hedge funds own 52.38% of the company’s stock.

Lite Strategy Company Profile