IperionX (NASDAQ:IPX) Shares Down 4.2% – Should You Sell?

IperionX Limited (NASDAQ:IPX)’s share price was down 4.2% on Wednesday . The stock traded as low as $17.12 and last traded at $17.03. Approximately 10,037 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 64,935 shares. The stock had previously closed at $17.77.

IperionX Stock Down 4.6 %

The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $23.46 and its 200-day moving average price is $25.19.

Hedge Funds Weigh In On IperionX

A number of large investors have recently added to or reduced their stakes in IPX. Bank of America Corp DE boosted its position in shares of IperionX by 15.8% during the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock worth $832,000 after buying an additional 3,293 shares during the period. Atlantic Union Bankshares Corp bought a new stake in IperionX in the 4th quarter valued at approximately $241,000. Citadel Advisors LLC acquired a new position in IperionX during the 4th quarter worth approximately $283,000. Corigliano Investment Advisers LLC bought a new position in shares of IperionX during the 4th quarter worth approximately $344,000. Finally, Symmetry Peak Management LLC acquired a new stake in shares of IperionX in the third quarter valued at approximately $228,000. Institutional investors own 2.76% of the company’s stock.

About IperionX

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.