Sintx Technologies (NASDAQ:SINT) Trading Up 55.9% – Should You Buy?

Sintx Technologies, Inc. (NASDAQ:SINT) was up 55.9% during mid-day trading on Monday . The stock traded as high as $3.28 and last traded at $3.18. Approximately 51,785,164 shares traded hands during mid-day trading, an increase of 7,328% from the average daily volume of 697,142 shares. The stock had previously closed at $2.04.

Sintx Technologies Price Performance

The company has a market cap of $2.79 million, a price-to-earnings ratio of -0.07 and a beta of 1.37. The firm’s 50 day simple moving average is $3.14 and its 200-day simple moving average is $5.39.

Hedge Funds Weigh In On Sintx Technologies

A hedge fund recently bought a new stake in Sintx Technologies stock. Anson Funds Management LP bought a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 959,297 shares of the company’s stock, valued at approximately $47,000. Anson Funds Management LP owned about 4.23% of Sintx Technologies as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 18.38% of the company’s stock.

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.