Gridsum (GSUM) Reaches New 52-Week Low at $3.61

Gridsum Holding Inc – (NASDAQ:GSUM) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.61 and last traded at $3.72, with a volume of 2800 shares trading hands. The stock had previously closed at $4.06.

Separately, ValuEngine raised shares of Gridsum from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Light Street Capital Management LLC increased its stake in Gridsum by 53.8% during the 2nd quarter. Light Street Capital Management LLC now owns 2,608,528 shares of the technology company’s stock worth $18,155,000 after buying an additional 912,060 shares during the period. Athos Capital Ltd increased its stake in Gridsum by 16.9% during the 3rd quarter. Athos Capital Ltd now owns 284,404 shares of the technology company’s stock worth $1,826,000 after buying an additional 41,112 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Gridsum during the 2nd quarter worth approximately $110,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

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Gridsum Company Profile (NASDAQ:GSUM)

Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform performs multi-dimensional correlation analysis and analyzes complex real-time events.

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