IperionX Limited (NASDAQ:IPX - Get Free Report) was down 4.4% during mid-day trading on Monday . The stock traded as low as $22.85 and last traded at $23.12. Approximately 14,917 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 49,531 shares. The stock had previously closed at $24.19.
Analyst Upgrades and Downgrades
Separately, B. Riley lowered their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
Read Our Latest Research Report on IPX
IperionX Stock Performance
The firm's 50-day moving average price is $20.03 and its 200-day moving average price is $24.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.
Institutional Trading of IperionX
Several institutional investors and hedge funds have recently bought and sold shares of the company. Thomist Capital Management LP purchased a new stake in IperionX in the 4th quarter worth approximately $32,305,000. Stifel Financial Corp lifted its stake in IperionX by 27.9% in the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock worth $30,968,000 after purchasing an additional 196,558 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in IperionX in the 4th quarter worth approximately $1,597,000. Jane Street Group LLC lifted its stake in IperionX by 70.4% in the 1st quarter. Jane Street Group LLC now owns 31,967 shares of the company's stock worth $575,000 after purchasing an additional 13,207 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in IperionX in the 1st quarter worth approximately $477,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.
About IperionX
(
Get Free Report)
IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.
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