SinglePoint (OTCMKTS:SING) Stock Passes Below 50 Day Moving Average of $0.21

Shares of SinglePoint Inc. (OTCMKTS:SING) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.21 and traded as low as $0.10. SinglePoint shares last traded at $0.15, with a volume of 40,522,339 shares traded.

SinglePoint Trading Down 5.2 %

The company has a market capitalization of $55,164.90, a price-to-earnings ratio of 0.00 and a beta of -0.43. The firm’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.54.

Hedge Funds Weigh In On SinglePoint

An institutional investor recently bought a new position in SinglePoint stock. UMB Bank n.a. bought a new stake in SinglePoint Inc. (OTCMKTS:SING) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 60,000 shares of the company’s stock, valued at approximately $129,000. UMB Bank n.a. owned 18.35% of SinglePoint as of its most recent SEC filing.

SinglePoint Company Profile

SinglePoint Inc focuses on providing renewable energy solutions and energy-efficient applications in the United States. The company offers solar and air purification services; and solar installation and brokerage services. It also operates as an online store; supplies hydroponic supplies and nutrients to commercial and individual farmers, as well as nutrients, lights, HVAC systems, and other products to individuals that are interested in horticulture; and offers automotive technology solutions for vehicle repairs.