Liquidmetal Technologies (OTCMKTS:LQMT) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT) crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $0.20 and traded as low as $0.0980. Liquidmetal Technologies shares last traded at $0.0980, with a volume of 263,372 shares traded.

Liquidmetal Technologies Price Performance

The stock has a fifty day simple moving average of $0.20 and a two-hundred day simple moving average of $0.17.

Hedge Funds Weigh In On Liquidmetal Technologies

An institutional investor recently bought a new position in Liquidmetal Technologies stock. Byrne Asset Management LLC purchased a new stake in Liquidmetal Technologies Inc. (OTCMKTS:LQMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 400,000 shares of the industrial products company’s stock, valued at approximately $80,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

Liquidmetal Technologies Company Profile

Liquidmetal Technologies, Inc develops and commercializes amorphous metal alloys, also known as bulk metallic glasses. These materials are engineered to offer a combination of strength, elasticity, corrosion resistance and wear resistance, along with the ability to be molded into complex shapes.

The company provides Liquidmetal alloy materials, component manufacturing and related engineering services. Its offerings are intended for applications in industries such as consumer electronics, medical devices, automotive, aerospace and industrial products.