Magnegas Applied Tchnlgy Sltns (NASDAQ:MNGA) Shares Cross Below 50-Day Moving Average of $0.54

Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.54 and traded as low as $0.37. Magnegas Applied Tchnlgy Sltns shares last traded at $0.45, with a volume of 81,504,256 shares traded.

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.97 and a quick ratio of 1.40. The company has a 50 day moving average of $0.53.

Several large investors have recently modified their holdings of the company. Northern Trust Corp acquired a new position in shares of Magnegas Applied Tchnlgy Sltns in the 4th quarter valued at $51,000. Virtu Financial LLC lifted its stake in shares of Magnegas Applied Tchnlgy Sltns by 204.8% in the 1st quarter. Virtu Financial LLC now owns 160,822 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 108,064 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of Magnegas Applied Tchnlgy Sltns in the 4th quarter valued at $227,000. 11.90% of the stock is currently owned by hedge funds and other institutional investors.

Magnegas Applied Tchnlgy Sltns Company Profile (NASDAQ:MNGA)

Taronis Technologies, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene. It also provides Plasma Arc Flow refineries, which are machines that produce MagneGas2.

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