AlTi Global (NASDAQ:ALTI) Sees Strong Trading Volume - Should You Buy?

Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 246,065 shares traded hands during trading, an increase of 312% from the previous session's volume of 59,765 shares.The stock last traded at $4.07 and had previously closed at $4.22.

AlTi Global Price Performance

The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The business's 50-day simple moving average is $4.43 and its 200 day simple moving average is $4.32. The firm has a market capitalization of $592.86 million, a P/E ratio of -2.42 and a beta of 0.73.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global in the 2nd quarter worth about $76,000. SG Americas Securities LLC purchased a new position in shares of AlTi Global during the 3rd quarter valued at about $63,000. MetLife Investment Management LLC lifted its position in shares of AlTi Global by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company's stock valued at $79,000 after buying an additional 11,834 shares in the last quarter. CV Advisors LLC purchased a new position in shares of AlTi Global during the 3rd quarter valued at about $85,000. Finally, JPMorgan Chase & Co. lifted its holdings in AlTi Global by 16.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company's stock worth $101,000 after purchasing an additional 3,925 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company's stock.

AlTi Global Company Profile

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.