Maxim Group Cuts Sintx Technologies (NASDAQ:SINT) Price Target to $22.00

Sintx Technologies (NASDAQ:SINT – Get Rating) had its target price lowered by Maxim Group to $22.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price indicates a potential upside of 142.02% from the company’s previous close.

Sintx Technologies Trading Up 1.3 %

Shares of NASDAQ:SINT traded up $0.12 during trading hours on Friday, hitting $9.09. 31,141 shares of the company’s stock traded hands, compared to its average volume of 64,056. Sintx Technologies has a 1 year low of $6.46 and a 1 year high of $70.80. The business has a fifty day moving average price of $4.73 and a 200-day moving average price of $1.88. The company has a quick ratio of 1.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.05.

Institutional Trading of Sintx Technologies

A hedge fund recently raised its stake in Sintx Technologies stock. Renaissance Technologies LLC grew its stake in shares of Sintx Technologies, Inc. (NASDAQ:SINT – Get Rating) by 34.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,200 shares of the company’s stock after acquiring an additional 23,500 shares during the period. Renaissance Technologies LLC owned about 0.37% of Sintx Technologies worth $40,000 at the end of the most recent quarter. Institutional investors own 3.08% of the company’s stock.

About Sintx Technologies

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