Shares of Innventure, Inc. (NASDAQ:INV - Get Free Report) traded down 0.4% on Wednesday . The stock traded as low as $4.82 and last traded at $4.96. 58,702 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 166,573 shares. The stock had previously closed at $4.98.
Innventure Stock Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.11 and a current ratio of 0.22. The firm has a 50-day moving average of $5.08 and a 200 day moving average of $7.47.
Innventure (NASDAQ:INV - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.73. The company had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.58 million.
Institutional Trading of Innventure
Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in shares of Innventure in the first quarter valued at $2,284,000. Charles Schwab Investment Management Inc. bought a new stake in Innventure during the fourth quarter valued at $2,161,000. Goldman Sachs Group Inc. boosted its stake in Innventure by 55.9% during the first quarter. Goldman Sachs Group Inc. now owns 110,593 shares of the company's stock valued at $853,000 after buying an additional 39,636 shares during the period. Geode Capital Management LLC bought a new stake in Innventure during the fourth quarter valued at $918,000. Finally, Moore Capital Management LP bought a new stake in Innventure during the fourth quarter valued at $692,000. 55.98% of the stock is owned by hedge funds and other institutional investors.
Innventure Company Profile
(
Get Free Report)
Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.
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