NuScale Power (NYSE:SMR) Trading Down 3.4% - Should You Sell?

NuScale Power Co. (NYSE:SMR - Get Free Report) traded down 3.4% during mid-day trading on Friday . The company traded as low as $23.45 and last traded at $23.86. 3,611,067 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 12,260,131 shares. The stock had previously closed at $24.71.

NuScale Power Stock Down 6.7 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $5.89 billion, a PE ratio of -24.28 and a beta of 1.51. The business has a fifty day moving average of $22.06 and a 200-day moving average of $17.71.

Insider Activity at NuScale Power

In related news, VP Jacqueline F. Engel sold 18,186 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

Hedge funds have recently bought and sold shares of the stock. Canal Insurance CO lifted its holdings in NuScale Power by 35.0% during the third quarter. Canal Insurance CO now owns 216,000 shares of the company's stock worth $2,501,000 after buying an additional 56,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after buying an additional 460,487 shares during the period. Verition Fund Management LLC lifted its holdings in NuScale Power by 319.9% during the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company's stock worth $1,314,000 after buying an additional 86,454 shares during the period. JPMorgan Chase & Co. lifted its holdings in NuScale Power by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock worth $1,930,000 after buying an additional 111,812 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of NuScale Power by 581.8% during the 3rd quarter. Stifel Financial Corp now owns 118,355 shares of the company's stock valued at $1,371,000 after purchasing an additional 100,995 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.