WANG & LEE GROUP (NASDAQ:WLGS) Trading Down 11.1% – What’s Next?

WANG & LEE GROUP, Inc. (NASDAQ:WLGS) shares dropped 11.1% during trading on Friday . The company traded as low as $4.58 and last traded at $4.91. Approximately 1,586,181 shares traded hands during mid-day trading, an increase of 252% from the average daily volume of 450,332 shares. The stock had previously closed at $5.52.

WANG & LEE GROUP Price Performance

The business’s 50-day moving average price is $4.53 and its 200 day moving average price is $3.01.

Institutional Trading of WANG & LEE GROUP

A hedge fund recently bought a new stake in WANG & LEE GROUP stock. Ground Swell Capital LLC bought a new position in shares of WANG & LEE GROUP, Inc. (NASDAQ:WLGS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,906 shares of the company’s stock, valued at approximately $33,000. Ground Swell Capital LLC owned 0.10% of WANG & LEE GROUP as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.33% of the company’s stock.

About WANG & LEE GROUP

Wang & Lee Group, Inc is a holding company, which engages in the installation of electrical and mechanical systems, it includes low voltage electrical systems, mechanical ventilation and air-conditioning systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors.