Ascendiant Capital Markets Has Lowered Expectations for Sintx Technologies (NASDAQ:SINT) Stock Price

Sintx Technologies (NASDAQ:SINT) had its target price dropped by stock analysts at Ascendiant Capital Markets from $70.00 to $30.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock.

Sintx Technologies Trading Up 0.6 %

Shares of NASDAQ SINT opened at $1.76 on Monday. Sintx Technologies has a 1-year low of $1.68 and a 1-year high of $45.60. The company has a 50-day moving average of $2.99 and a two-hundred day moving average of $3.22. The company has a market cap of $4.43 million, a PE ratio of -0.03 and a beta of 1.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sintx Technologies stock. Renaissance Technologies LLC bought a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,900 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 1.63% of Sintx Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

Sintx Technologies Company Profile

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.