SG Blocks (OTCMKTS:SGBX) Shares Up 11%

SG Blocks Inc (OTCMKTS:SGBX) shares traded up 11% during mid-day trading on Thursday . The company traded as high as $2.02 and last traded at $2.01. 627,733 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,278,407 shares. The stock had previously closed at $1.81.

The business has a 50-day moving average of $2.08 and a 200-day moving average of $2.71.

SG Blocks (OTCMKTS:SGBX) last released its earnings results on Thursday, August 13th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.08). The firm had revenue of $0.63 million for the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of SG Blocks during the second quarter valued at $36,000. Virtu Financial LLC bought a new stake in SG Blocks during the 2nd quarter valued at about $84,000. K.J. Harrison & Partners Inc bought a new stake in SG Blocks during the 2nd quarter valued at about $137,000. Schonfeld Strategic Advisors LLC boosted its position in SG Blocks by 384.0% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 69,700 shares of the company’s stock valued at $186,000 after buying an additional 55,300 shares during the period. Finally, Zeke Capital Advisors LLC purchased a new position in shares of SG Blocks during the second quarter worth approximately $533,000.

About SG Blocks (OTCMKTS:SGBX)

SG Blocks, Inc engages in fabricating modules for construction of buildings in the United States. The company redesigns, repurposes, and converts heavy-gauge steel cargo shipping containers into green building blocks for commercial, industrial, and residential building construction; and purpose-built modules, or prefabricated steel modular units for construction.

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