Sintx Technologies (NASDAQ:SINT) Trading Up 55.9% – Should You Buy?

Sintx Technologies, Inc. (NASDAQ:SINT)’s share price was up 55.9% on Monday . The stock traded as high as $3.28 and last traded at $3.18. Approximately 51,785,164 shares changed hands during trading, an increase of 7,328% from the average daily volume of 697,142 shares. The stock had previously closed at $2.04.

Sintx Technologies Trading Up 14.5 %

The firm has a market capitalization of $2.79 million, a price-to-earnings ratio of -0.07 and a beta of 1.37. The company has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $5.39.

Institutional Trading of Sintx Technologies

An institutional investor recently bought a new position in Sintx Technologies stock. Anson Funds Management LP acquired a new position in shares of Sintx Technologies, Inc. (NASDAQ:SINT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 959,297 shares of the company’s stock, valued at approximately $47,000. Anson Funds Management LP owned 4.23% of Sintx Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

About Sintx Technologies

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.