AlTi Global (NASDAQ:ALTI) Stock Price Down 6.8%

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report)’s stock price was down 6.8% during mid-day trading on Tuesday . The stock traded as low as $6.09 and last traded at $6.16. Approximately 125,809 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 86,904 shares. The stock had previously closed at $6.61.

Analysts Set New Price Targets

Separately, Raymond James upgraded shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 target price for the company in a research note on Thursday, January 25th.

Read Our Latest Analysis on ALTI

AlTi Global Trading Down 7.1 %

The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $6.24 and its 200-day moving average is $6.99.

Institutional Trading of AlTi Global

Several large investors have recently made changes to their positions in ALTI. Barclays PLC acquired a new stake in AlTi Global in the first quarter valued at approximately $116,000. Citigroup Inc. acquired a new stake in AlTi Global in the first quarter valued at approximately $56,000. Charles Schwab Investment Management Inc. acquired a new position in shares of AlTi Global during the first quarter worth $1,482,000. HRT Financial LP acquired a new position in shares of AlTi Global during the first quarter worth $249,000. Finally, Bank of America Corp DE acquired a new position in shares of AlTi Global during the first quarter worth $268,000. Institutional investors and hedge funds own 9.02% of the company’s stock.

About AlTi Global

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AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States and internationally. The company offers discretionary investment management, non-discretionary investment advisory, trust, and administration services, as well as family office services comprising wealth transfer planning, multi-generational education planning, wealth and asset strategy, trust and fiduciary, chief financial officers and outsourced family office, philanthropy, and lifestyle and special projects services.

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