IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $22.68, but opened at $21.40. IperionX shares last traded at $21.45, with a volume of 11,310 shares trading hands.
Analyst Ratings Changes
IPX has been the topic of several research reports. ThinkEquity upgraded IperionX to a "strong-buy" rating in a research note on Tuesday, June 25th. B. Riley started coverage on IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 target price for the company.
Read Our Latest Stock Report on IPX
IperionX Trading Down 4.5 %
The firm's 50-day moving average price is $19.62 and its two-hundred day moving average price is $16.27. 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 Investors Weigh In On IperionX
An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC purchased a new stake in IperionX Limited (NASDAQ:IPX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,220 shares of the company's stock, valued at approximately $33,000. 2.76% of the stock is owned by institutional investors and hedge funds.
About IperionX
(
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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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