Liquidmetal Technologies (OTCMKTS:LQMT) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Liquidmetal Technologies Inc. (OTCMKTS:LQMT)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.17 and traded as low as $0.1112. Liquidmetal Technologies shares last traded at $0.1199, with a volume of 11,532,257 shares changing hands.

Liquidmetal Technologies Stock Down 22.9%

The business’s fifty day simple moving average is $0.22 and its 200-day simple moving average is $0.17.

Hedge Funds Weigh In On Liquidmetal Technologies

An institutional investor recently bought a new position in Liquidmetal Technologies stock. Byrne Asset Management LLC acquired a new position in shares of Liquidmetal Technologies Inc. (OTCMKTS:LQMT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 400,000 shares of the industrial products company’s stock, valued at approximately $80,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

About Liquidmetal Technologies

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.