Meta Materials (NASDAQ:MMAT) Trading 3.2% Higher

Meta Materials Inc. (NASDAQ:MMAT) rose 3.2% on Tuesday . The stock traded as high as $0.39 and last traded at $0.38. Approximately 22,807 shares traded hands during trading, a decline of 96% from the average daily volume of 596,598 shares. The stock had previously closed at $0.37.

Meta Materials Price Performance

The firm has a 50 day moving average of $1.41 and a two-hundred day moving average of $2.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.58.

Institutional Trading of Meta Materials

A hedge fund recently bought a new stake in Meta Materials stock. BNP Paribas Financial Markets purchased a new stake in Meta Materials Inc. (NASDAQ:MMAT) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,487 shares of the company’s stock, valued at approximately $32,000. BNP Paribas Financial Markets owned about 0.17% of Meta Materials at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.47% of the company’s stock.

About Meta Materials

Meta Materials Inc manufactures and sells various functional materials and nanocomposites. The company products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical component; and glucoWISE, a non-invasive glucose monitoring. It also develops and produces nano-optic structures and color-shifting foils that are used in authentication and brand protection applications in various markets, including banknotes, secure government documents, and commercial branding.