Novonix (NASDAQ:NVX) Shares Gap Down to $5.30

Novonix Limited (NASDAQ:NVXGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $5.30, but opened at $4.90. Novonix shares last traded at $4.90, with a volume of 250 shares.

Novonix Trading Down 7.5 %

The company has a quick ratio of 20.32, a current ratio of 20.56 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $6.93 and its 200-day moving average is $10.57.

Hedge Funds Weigh In On Novonix

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in Novonix in the 2nd quarter worth approximately $69,000. Scholtz & Company LLC acquired a new stake in shares of Novonix in the first quarter worth $328,000. Finally, AM Investment Strategies LLC bought a new position in Novonix during the second quarter worth $402,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

Novonix Company Profile

(Get Rating)

Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in North America. It operates through three segments: Graphite Exploration and Mining, Battery Technology, and Battery Materials. The Graphite Exploration and Mining segment explores for graphite in Australia.

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