IperionX (NASDAQ:IPX) Shares Gap Down – Here’s What Happened

IperionX Limited (NASDAQ:IPXGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $29.10, but opened at $28.50. IperionX shares last traded at $28.41, with a volume of 8,574 shares.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of IperionX in a research report on Thursday, October 10th. They set a “buy” rating and a $30.00 price target on the stock.

Check Out Our Latest Stock Analysis on IPX

IperionX Price Performance

The business has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $18.57. 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

A number of institutional investors and hedge funds have recently made changes to their positions in IPX. Stifel Financial Corp boosted its position in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after purchasing an additional 179,650 shares during the period. Ballentine Partners LLC acquired a new position in IperionX during the third quarter worth $529,000. Tidal Investments LLC purchased a new position in shares of IperionX during the third quarter worth $368,000. Jane Street Group LLC boosted its position in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after buying an additional 15,202 shares during the period. Finally, Symmetry Peak Management LLC acquired a new stake in shares of IperionX in the third quarter valued at $228,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

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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