Posted by Defense World Staff on May 24th, 2024
Shares of Meta Materials Inc. (NASDAQ:MMAT – Get Free Report) dropped 7.5% during trading on Thursday . The company traded as low as $2.72 and last traded at $2.83. Approximately 769,769 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 790,434 shares. The stock had previously closed at $3.06.
Meta Materials Trading Down 7.5 %
The company has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $1.70. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16.
Institutional Investors Weigh In On Meta Materials
A hedge fund recently bought a new stake in Meta Materials stock. BNP Paribas Financial Markets acquired a new stake in Meta Materials Inc. (NASDAQ:MMAT – Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,487 shares of the company’s stock, valued at approximately $32,000. BNP Paribas Financial Markets owned approximately 0.17% of Meta Materials at the end of the most recent quarter. 6.47% of the stock is currently owned by institutional investors.
Meta Materials Company Profile
Meta Materials Inc manufactures and sells various functional materials and nanocomposites. The company products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical component; and glucoWISE, a non-invasive glucose monitoring. It also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding.
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