XTI Aerospace (NASDAQ:XTIA) Shares Pass Below Two Hundred Day Moving Average of $1.22

XTI Aerospace, Inc. (NASDAQ:XTIA) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.22 and traded as low as $0.22. XTI Aerospace shares last traded at $0.22, with a volume of 1,304,819 shares changing hands.

XTI Aerospace Stock Performance

The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $0.25 and a two-hundred day moving average price of $1.22.

XTI Aerospace (NASDAQ:XTIA) last issued its earnings results on Wednesday, August 14th. The technology company reported ($1.05) earnings per share for the quarter. XTI Aerospace had a negative net margin of 982.73% and a negative return on equity of 809.13%. The business had revenue of $1.03 million during the quarter.

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 shares of XTI Aerospace, Inc. (NASDAQ:XTIA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace makes up approximately 0.1% of Ursa Fund Management LLC’s holdings, making the stock its 16th largest holding. Ursa Fund Management LLC owned 0.22% of XTI Aerospace at the end of the most recent quarter. Institutional investors own 11.70% of the company’s stock.

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.