Pheton (NASDAQ:PTHL) Stock Price Down 1.7% – Time to Sell?

Pheton Holdings Ltd (NASDAQ:PTHL) shares traded down 1.7% during mid-day trading on Tuesday . The stock traded as low as $0.30 and last traded at $0.3194. 57,392 shares were traded during mid-day trading, a decline of 98% from the average session volume of 3,792,516 shares. The stock had previously closed at $0.3250.

Pheton Stock Performance

The company’s 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.58.

Hedge Funds Weigh In On Pheton

A hedge fund recently raised its stake in Pheton stock. XTX Topco Ltd raised its position in Pheton Holdings Ltd (NASDAQ:PTHL) by 67.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,835 shares of the company’s stock after purchasing an additional 33,427 shares during the quarter. XTX Topco Ltd owned 1.26% of Pheton worth $35,000 as of its most recent SEC filing.

About Pheton

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company was founded in 1998 and is headquartered in Beijing, China.