Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $24.50, but opened at $23.90. IperionX shares last traded at $23.23, with a volume of 8,935 shares changing hands.
Analyst Ratings Changes
A number of research firms recently weighed in on IPX. ThinkEquity upgraded shares of IperionX to a "strong-buy" rating in a research note on Tuesday, June 25th. B. Riley started coverage on shares of IperionX in a research report on Thursday, October 10th. They issued a "buy" rating and a $30.00 price objective on the stock.
Read Our Latest Stock Report on IperionX
IperionX Stock Down 5.2 %
The stock has a fifty day simple moving average of $18.72 and a 200-day simple moving average of $16.00. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
Institutional Trading of IperionX
A hedge fund recently raised its stake in IperionX stock. B. Riley Financial Inc. increased its holdings in IperionX Limited (NASDAQ:IPX - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 337,762 shares of the company's stock after acquiring an additional 10,684 shares during the quarter. IperionX makes up about 4.9% of B. Riley Financial Inc.'s holdings, making the stock its 4th biggest position. B. Riley Financial Inc. owned 1.48% of IperionX worth $5,036,000 as of its most recent SEC filing. 2.76% of the stock is owned by institutional investors and hedge funds.
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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