Meta Materials (NASDAQ:MMAT) Stock Price Up 3.2%

Shares of Meta Materials Inc. (NASDAQ:MMAT) shot up 3.2% during mid-day trading on Tuesday . The stock traded as high as $0.39 and last traded at $0.38. 22,807 shares were traded during trading, a decline of 96% from the average session volume of 596,598 shares. The stock had previously closed at $0.37.

Meta Materials Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.58. The firm’s 50 day moving average price is $1.35 and its 200-day moving average price is $2.39.

Hedge Funds Weigh In On Meta Materials

A hedge fund recently bought a new stake in Meta Materials stock. BNP Paribas Financial Markets bought a new position in shares of Meta Materials Inc. (NASDAQ:MMAT) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,487 shares of the company’s stock, valued at approximately $32,000. BNP Paribas Financial Markets owned 0.17% of Meta Materials at the end of the most recent reporting period. 6.47% of the stock is owned by hedge funds and other institutional investors.

Meta Materials Company Profile

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.