Sintx Technologies (NASDAQ:SINT) Price Target Lowered to $30.00 at Ascendiant Capital Markets

Sintx Technologies (NASDAQ:SINT) had its price objective lowered by Ascendiant Capital Markets from $70.00 to $30.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Sintx Technologies Price Performance

SINT opened at $1.78 on Monday. The company’s 50 day simple moving average is $2.96 and its two-hundred day simple moving average is $3.21. The firm has a market capitalization of $4.48 million, a price-to-earnings ratio of -0.04 and a beta of 1.12. Sintx Technologies has a 1-year low of $1.71 and a 1-year high of $45.60.

Institutional Trading of Sintx Technologies

A hedge fund recently bought a new stake in Sintx Technologies stock. Renaissance Technologies LLC acquired a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,900 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 1.63% of Sintx Technologies at the end of the most recent quarter. 18.38% of the stock is currently owned by institutional investors.

About Sintx Technologies

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.