Shares of Puyi Inc. (NASDAQ:PUYI – Get Rating) rose 2.7% during mid-day trading on Monday . The company traded as high as $5.80 and last traded at $5.76. Approximately 699 shares changed hands during trading, a decline of 76% from the average daily volume of 2,971 shares. The stock had previously closed at $5.61.

Puyi Stock Performance

The stock's 50-day moving average is $6.16 and its 200-day moving average is $6.80.

Institutional Investors Weigh In On Puyi

An institutional investor recently bought a new position in Puyi stock. Renaissance Technologies LLC bought a new stake in Puyi Inc. (NASDAQ:PUYI – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,617 shares of the company's stock, valued at approximately $101,000. Institutional investors and hedge funds own 0.05% of the company's stock.

Puyi Company Profile

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Puyi, Inc engages in the provision of distribution and managing wealth management services. The firm also offers financial asset allocation services including asset management services, insurance consulting services, and trust consulting services. The company was founded by Hai Feng Yu on August 6, 2018 and is headquartered in Guangzhou, China.

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