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

XTI Aerospace, Inc. (NASDAQ:XTIA) crossed 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 Price Performance

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 stock’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $1.22.

XTI Aerospace (NASDAQ:XTIA) last issued its quarterly 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 Trading of XTI Aerospace

A hedge fund recently bought a new stake in XTI Aerospace stock. Ursa Fund Management LLC acquired a new stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace makes up about 0.1% of Ursa Fund Management LLC’s holdings, making the stock its 16th biggest position. Ursa Fund Management LLC owned 0.22% of XTI Aerospace at the end of the most recent quarter. 11.70% of the stock is 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.