Sphere 3D Corp (NASDAQ:ANY)’s share price rose 6.5% on Wednesday . The stock traded as high as $0.83 and last traded at $0.82, approximately 152,951 shares traded hands during trading. An increase of 71% from the average daily volume of 89,355 shares. The stock had previously closed at $0.77.

Separately, ValuEngine downgraded Sphere 3D from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th.

The stock has a 50 day moving average price of $0.77 and a 200 day moving average price of $1.14.

Sphere 3D (NASDAQ:ANY) last issued its quarterly earnings results on Thursday, November 14th. The technology company reported $0.10 earnings per share for the quarter. The firm had revenue of $1.37 million during the quarter.

An institutional investor recently raised its position in Sphere 3D stock. Morgan Stanley increased its stake in Sphere 3D Corp (NASDAQ:ANY) by 1,003.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,117 shares of the technology company’s stock after buying an additional 33,754 shares during the period. Morgan Stanley owned 1.61% of Sphere 3D worth $58,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 5.26% of the company’s stock.

Sphere 3D Company Profile (NASDAQ:ANY)

Sphere 3D Corp. provides data management, and desktop and application virtualization solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It enables organizations to deploy a combination of public, private, or hybrid cloud strategies through containerized applications, virtual desktops, virtual storage, and physical hyper-converged platforms.

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