NuScale Power (NYSE:SMR) Trading Down 0.4% - Here's What Happened

NuScale Power Co. (NYSE:SMR - Get Free Report) shares dropped 0.4% on Wednesday . The stock traded as low as $24.43 and last traded at $25.75. Approximately 4,390,857 shares were traded during trading, a decline of 64% from the average daily volume of 12,367,630 shares. The stock had previously closed at $25.86.

NuScale Power Stock Performance

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 company's 50-day moving average price is $22.06 and its two-hundred day moving average price is $17.60. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of -24.28 and a beta of 1.51.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the firm's stock in a transaction on Friday, November 29th. The shares were 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 directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after purchasing an additional 656 shares during the period. Catalina Capital Group LLC grew its holdings in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company's stock valued at $146,000 after buying an additional 809 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock valued at $140,000 after buying an additional 820 shares during the last quarter. Amalgamated Bank grew its holdings in shares of NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares during the last quarter. Finally, Indie Asset Partners LLC grew its holdings in shares of NuScale Power by 7.1% during the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company's stock valued at $218,000 after buying an additional 1,250 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.