Shares of NET Power Inc. (NYSE:NPWR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.28 and last traded at $2.30, with a volume of 273695 shares. The stock had previously closed at $2.50.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on NPWR shares. Citigroup raised NET Power from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $14.00 to $6.00 in a research report on Tuesday, March 11th. Barclays lowered their price objective on NET Power from $11.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th.
Check Out Our Latest Report on NET Power
NET Power Stock Down 8.0 %
The stock has a market capitalization of $438.52 million, a price-to-earnings ratio of -3.01 and a beta of 0.47. The stock's 50-day simple moving average is $5.70 and its 200 day simple moving average is $8.24.
Institutional Trading of NET Power
Hedge funds have recently modified their holdings of the stock. Covestor Ltd acquired a new position in NET Power during the 4th quarter worth $43,000. MetLife Investment Management LLC boosted its holdings in NET Power by 129.1% in the third quarter. MetLife Investment Management LLC now owns 12,922 shares of the company's stock valued at $91,000 after acquiring an additional 7,281 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in NET Power in the fourth quarter worth about $108,000. National Bank of Canada FI raised its holdings in NET Power by 2,727.0% during the 4th quarter. National Bank of Canada FI now owns 11,930 shares of the company's stock worth $126,000 after purchasing an additional 11,508 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in NET Power during the 4th quarter valued at about $137,000. 53.62% of the stock is owned by institutional investors.
About NET Power
(
Get Free Report)
NET Power Inc operates as a clean energy technology company. The company invents, develops, and licenses clean power generation technology. NET Power Inc was founded in 2010 and is headquartered in Durham, North Carolina.
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