BTQ Technologies (NASDAQ:BTQ) Shares Up 16.9% – Should You Buy?

BTQ Technologies Corp (NASDAQ:BTQ) shares were up 16.9% on Thursday . The stock traded as high as $3.83 and last traded at $3.81. Approximately 4,884,182 shares changed hands during trading, an increase of 99% from the average daily volume of 2,454,218 shares. The stock had previously closed at $3.26.

BTQ Technologies Price Performance

The business’s 50-day simple moving average is $4.26 and its 200 day simple moving average is $5.27.

Institutional Trading of BTQ Technologies

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in BTQ Technologies in the third quarter valued at about $27,000. Royal Bank of Canada increased its position in shares of BTQ Technologies by 379.4% during the 4th quarter. Royal Bank of Canada now owns 6,088 shares of the company’s stock valued at $32,000 after purchasing an additional 4,818 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of BTQ Technologies in the 4th quarter worth approximately $60,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of BTQ Technologies by 52.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,093 shares of the company’s stock worth $62,000 after purchasing an additional 4,151 shares during the period. Finally, Activest Wealth Management purchased a new position in shares of BTQ Technologies in the fourth quarter worth approximately $63,000.