XTI Aerospace (NASDAQ:XTIA) Shares Cross Below Two Hundred Day Moving Average of $1.74

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.74 and traded as low as $0.20. XTI Aerospace shares last traded at $0.21, with a volume of 439,639 shares.

XTI Aerospace Trading Up 3.4 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.54. The business’s fifty day simple moving average is $0.30 and its 200 day simple moving average is $1.74.

Institutional Investors Weigh In On XTI Aerospace

A hedge fund recently bought a new stake in XTI Aerospace stock. Ursa Fund Management LLC bought a new stake in XTI Aerospace, Inc. (NASDAQ:XTIA) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace makes up 0.1% of Ursa Fund Management LLC’s investment portfolio, making the stock its 16th biggest position. Ursa Fund Management LLC owned approximately 0.22% of XTI Aerospace as of its most recent filing with the SEC. 11.70% of the stock is currently owned by institutional investors.

About XTI Aerospace

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.