Xylo Technologies (NASDAQ:XYLO) Shares Up 2.3% – Still a Buy?

Xylo Technologies Ltd. (NASDAQ:XYLO)’s stock price rose 2.3% during mid-day trading on Wednesday . The stock traded as high as $4.09 and last traded at $3.98. Approximately 3,643 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 12,804 shares. The stock had previously closed at $3.89.

Xylo Technologies Stock Up 2.3 %

The company has a 50 day moving average of $4.32 and a two-hundred day moving average of $3.79.

Institutional Trading of Xylo Technologies

An institutional investor recently bought a new position in Xylo Technologies stock. Lepercq De Neuflize Asset Management LLC purchased a new stake in shares of Xylo Technologies Ltd. (NASDAQ:XYLO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,059 shares of the company’s stock, valued at approximately $94,000. Xylo Technologies comprises about 0.1% of Lepercq De Neuflize Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Lepercq De Neuflize Asset Management LLC owned about 3.62% of Xylo Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 0.26% of the company’s stock.

Xylo Technologies Company Profile

Xylo Technologies Ltd, a technology-based company, provides medical-related devices and products in the United States, Europe, Asia, Israel, and internationally. The company operates through Corporate, E-commerce, Online Advertising & Internet Traffic Routing, Online Event Management, and Others segments.