Liquidmetal Technologies (OTCMKTS:LQMT) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.22 and traded as high as $0.2346. Liquidmetal Technologies shares last traded at $0.2210, with a volume of 350,684 shares changing hands.

Liquidmetal Technologies Stock Down 5.0%

The firm’s fifty day moving average price is $0.22 and its 200-day moving average price is $0.16.

Institutional Investors Weigh In On Liquidmetal Technologies

An institutional investor recently bought a new position in Liquidmetal Technologies stock. Byrne Asset Management LLC purchased a new stake in Liquidmetal Technologies Inc. (OTCMKTS:LQMT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 400,000 shares of the industrial products company’s stock, valued at approximately $80,000. Hedge funds and other institutional investors own 0.06% of the company’s stock.

Liquidmetal Technologies Company Profile

Liquidmetal Technologies, Inc is a development-stage materials engineering company specializing in the design, development and licensing of proprietary bulk amorphous metal alloys known under the trademark “Liquidmetal.” These amorphous alloys exhibit a unique combination of high strength, elasticity and corrosion resistance, which the company says can outperform traditional crystalline metals in a variety of applications.

The company’s core business model centers on patented intellectual property, process technology and alloy formulations for injection molding of amorphous metals.