NOVONIX (NASDAQ:NVX) Trading Down 0.8% - Time to Sell?

Key Points

• NOVONIX Limited (NASDAQ:NVX) shares declined by 0.8%, trading at $1.26 after reaching a low of $1.23, with 168,198 shares changing hands during the session.
• The stock's 50-day simple moving average is $1.32, while the 200-day average is $1.21, indicating a moderate performance trend.
• NOVONIX specializes in providing battery materials and development technology for various sectors, including automotive and consumer electronics, across multiple continents.

NOVONIX Limited Sponsored ADR (NASDAQ:NVX - Get Free Report) shares fell 0.8% during trading on Friday . The stock traded as low as $1.23 and last traded at $1.26. 168,198 shares changed hands during trading, an increase of 29% from the average session volume of 130,472 shares. The stock had previously closed at $1.27.

NOVONIX Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.21 and a current ratio of 1.24. The firm's 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.21.

NOVONIX Company Profile

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.