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OrangeKloud Technology (NASDAQ:ORKT) Shares Up 2.9% - Still a Buy?

OrangeKloud Technology logo with Business Services background

OrangeKloud Technology Inc. (NASDAQ:ORKT - Get Free Report)'s stock price shot up 2.9% during mid-day trading on Tuesday . The stock traded as high as $0.70 and last traded at $0.62. 29,483 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 1,705,862 shares. The stock had previously closed at $0.60.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on OrangeKloud Technology in a report on Thursday, January 30th. They set a "buy" rating and a $5.00 price target for the company.

Get Our Latest Report on OrangeKloud Technology

OrangeKloud Technology Stock Down 4.7 %

The business has a fifty day simple moving average of $0.92 and a 200 day simple moving average of $2.49.

Institutional Trading of OrangeKloud Technology

A hedge fund recently bought a new stake in OrangeKloud Technology stock. Schonfeld Strategic Advisors LLC bought a new position in shares of OrangeKloud Technology Inc. (NASDAQ:ORKT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,900 shares of the company's stock, valued at approximately $148,000.

About OrangeKloud Technology

(Get Free Report)

Orangekloud Technology, Inc is a holding company, which engages in providing information technology consulting services. Its digital transformation projects include the sales and consulting of Microsoft Dynamics ERP software licenses. It operates through the Packaged Software Solutions, and No-Code Platform and Mobile Application segments.

Further Reading

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