SinglePoint (OTCMKTS:SING) Stock Price Crosses Below 50-Day Moving Average of $0.21

SinglePoint Inc. (OTCMKTS:SING)’s share price crossed 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.

SinglePoint Price Performance

The stock has a market cap of $55,164.90, a PE ratio of 0.00 and a beta of -0.43. The company has a 50 day moving average price of $0.21 and a two-hundred day moving average price of $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 shares of SinglePoint Inc. (OTCMKTS:SING) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

About SinglePoint

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.