Baijiayun Group (NASDAQ:RTC) Stock Price Up 0.9% – What’s Next?

Baijiayun Group Ltd (NASDAQ:RTC) shares traded up 0.9% during mid-day trading on Wednesday . The stock traded as high as $0.69 and last traded at $0.68. 862,650 shares traded hands during trading, an increase of 80% from the average session volume of 478,076 shares. The stock had previously closed at $0.67.

Baijiayun Group Price Performance

The company’s 50-day moving average is $3.40 and its 200 day moving average is $6.42.

Hedge Funds Weigh In On Baijiayun Group

A hedge fund recently bought a new stake in Baijiayun Group stock. Garden State Investment Advisory Services LLC acquired a new stake in Baijiayun Group Ltd (NASDAQ:RTC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,178 shares of the company’s stock, valued at approximately $629,000. 3.35% of the stock is owned by institutional investors.

About Baijiayun Group

Baijiayun Group Ltd engages in the video-centric technology solution business in China. Its solutions include video-centric SaaS/PaaS solutions, including live streaming solution, VoD solution, and real-time communications solution for education, finance, medical services, automotive, and IT industries; video-centric cloud related solutions, such as online school, video conferencing, and enterprise training solutions for educational institutions, IT, finance, media and advertising, and e-commerce industries; and video-centric industry AI solutions for education, retail, public affairs, and industrial manufacturing industries.