NextDecade Co. (NASDAQ:NEXT – Get Free Report) was down 2.2% during trading on Wednesday . The company traded as low as $7.00 and last traded at $7.02. Approximately 186,568 shares traded hands during trading, a decline of 88% from the average daily volume of 1,596,860 shares. The stock had previously closed at $7.18.
NextDecade Stock Performance
The company’s fifty day simple moving average is $5.93 and its two-hundred day simple moving average is $6.44. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.42 and a beta of 1.25. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.
Hedge Funds Weigh In On NextDecade
Hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in NextDecade by 3.6% during the third quarter. Captrust Financial Advisors now owns 43,544 shares of the company’s stock valued at $205,000 after buying an additional 1,518 shares in the last quarter. Marshall Wace LLP raised its position in shares of NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after acquiring an additional 2,300 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NextDecade by 12.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock valued at $128,000 after acquiring an additional 2,458 shares in the last quarter. Principal Financial Group Inc. lifted its stake in NextDecade by 49.0% during the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock worth $124,000 after purchasing an additional 5,133 shares during the last quarter. Finally, Twin Securities Inc. acquired a new position in NextDecade in the third quarter worth $52,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
NextDecade Company Profile
NextDecade Corp. is a development company.
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