CCSC Technology International (NASDAQ:CCTG) Trading 11.5% Higher – Time to Buy?

Shares of CCSC Technology International Holdings Limited (NASDAQ:CCTG) shot up 11.5% during mid-day trading on Tuesday . The stock traded as high as $2.12 and last traded at $2.04. 1,701,396 shares were traded during trading, an increase of 1,330% from the average session volume of 118,957 shares. The stock had previously closed at $1.83.

CCSC Technology International Stock Performance

The company’s 50 day moving average price is $1.68 and its 200-day moving average price is $1.69.

Hedge Funds Weigh In On CCSC Technology International

A hedge fund recently bought a new stake in CCSC Technology International stock. Two Sigma Investments LP bought a new position in shares of CCSC Technology International Holdings Limited (NASDAQ:CCTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,899 shares of the company’s stock, valued at approximately $25,000. Two Sigma Investments LP owned about 0.14% of CCSC Technology International as of its most recent SEC filing.

About CCSC Technology International

CCSC Technology International Holdings Limited, through its subsidiaries, manufactures and sells interconnect products in Asia, Europe, and the Americas. It offers original equipment manufacturer and original design manufacture interconnect products, including connectors, cables, and wire harnesses used for a range of applications in various industries, such as industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products.