Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Trading 1.4% Higher – Time to Buy?

Shares of Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) traded up 1.4% during trading on Thursday . The stock traded as high as $1.45 and last traded at $1.40. 96,709 shares traded hands during mid-day trading, an increase of 143% from the average session volume of 39,771 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Blue Hat Interactive Entertainment Technology to a “hold” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Hat Interactive Entertainment Technology currently has a consensus rating of “Sell”.

Blue Hat Interactive Entertainment Technology Stock Performance

The company’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03.

Hedge Funds Weigh In On Blue Hat Interactive Entertainment Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of Blue Hat Interactive Entertainment Technology during the third quarter worth $45,000. Virtu Financial LLC purchased a new position in Blue Hat Interactive Entertainment Technology in the third quarter valued at $65,000. Finally, Susquehanna International Group LLP purchased a new position in Blue Hat Interactive Entertainment Technology in the third quarter valued at $133,000. Hedge funds and other institutional investors own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Company Profile

Fujian Blue Hat Interactive Entertainment Technology Ltd. designs, produces, promotes, and sells animated toys with mobile games features, intellectual property, and peripheral derivatives features worldwide. It offers AR Racer, a car-racing mobile game; AR Crazy Bug, a combat game played using a ladybug-shaped electronic toy; AR 3D Magic Box, which uses AR recognition technology to allow children to draw shapes or objects onto a physical card while the mobile game captures the drawings and animates them onto a set background; AR Dinosaur, an educational toy; and AR Shake Bouncing Bubble, which helps children to improve concentration and reaction, as well as Talking Tom and Friends' Bouncing Bubble.