Ideanomics (NASDAQ:IDEX)’s share price traded down 5.7% during trading on Monday . The company traded as low as $2.26 and last traded at $2.17, 16,789 shares were traded during trading. A decline of 99% from the average session volume of 1,135,423 shares. The stock had previously closed at $2.30.

Separately, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

The firm’s 50 day simple moving average is $1.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

Ideanomics (NASDAQ:IDEX) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $26.95 million for the quarter. Ideanomics had a negative return on equity of 7.79% and a negative net margin of 1.73%.

A hedge fund recently bought a new stake in Ideanomics stock. National Asset Management Inc. acquired a new position in Ideanomics (NASDAQ:IDEX) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,884 shares of the company’s stock, valued at approximately $60,000. 1.68% of the stock is currently owned by institutional investors.

About Ideanomics (NASDAQ:IDEX)

Ideanomics, Inc operates as a financial technology and asset digitization services company. The company operates in two segments, Legacy YOD and Wecast Service. It engages in the provision of business consulting services related to traditional financings, as well as in developing digital asset securitization services through artificial intelligence and blockchain enabled financial services platforms.

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