Shares of Meta Materials Inc. (NASDAQ:MMAT – Get Rating) gapped down before the market opened on Tuesday . The stock had previously closed at 2.16, but opened at 2.02. Meta Materials shares last traded at 2.04, with a volume of 158,223 shares.
Analysts Set New Price Targets
Separately, Cormark reiterated a “buy” rating and issued a $3.75 target price on shares of Meta Materials in a research note on Monday.
Meta Materials Trading Down 9.4 %
The company has a market cap of $665.20 million, a price-to-earnings ratio of -6.15 and a beta of 1.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.29 and a quick ratio of 1.28. The business’s fifty day moving average price is 1.07 and its 200 day moving average price is 1.15.
Institutional Investors Weigh In On Meta Materials
About Meta Materials
Meta Materials Inc invents, designs, develops, and manufactures various functional materials and nanocomposites. Its products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans.
- Get a free copy of the StockNews.com research report on Meta Materials (MMAT)
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