XTI Aerospace (NASDAQ:XTIA) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.84 and traded as low as $1.04. XTI Aerospace shares last traded at $1.12, with a volume of 433,585 shares trading hands.

Analyst Ratings Changes

Separately, Maxim Group raised XTI Aerospace to a “strong-buy” rating in a research note on Friday, January 31st.

XTI Aerospace Stock Down 1.8 %

The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $14.44.

Institutional Trading of XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Geode Capital Management LLC grew its stake in XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 801,211 shares of the technology company’s stock after buying an additional 623,575 shares during the quarter. Geode Capital Management LLC owned 43.31% of XTI Aerospace worth $34,000 at the end of the most recent reporting period. 11.70% of the stock is owned by institutional investors.

About XTI Aerospace

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.