Meta Materials Inc. (NASDAQ:MMAT – Get Free Report)’s stock price was down 11.8% on Wednesday . The stock traded as low as $0.10 and last traded at $0.10. Approximately 6,768,121 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 7,146,029 shares. The stock had previously closed at $0.12.
Meta Materials Price Performance
The stock has a 50-day simple moving average of $0.19 and a 200 day simple moving average of $0.21. The company has a market cap of $50.21 million, a PE ratio of -0.13 and a beta of 2.19. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.03.
Meta Materials (NASDAQ:MMAT – Get Free Report) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Meta Materials had a negative net margin of 4,792.47% and a negative return on equity of 23.06%. The business had revenue of $2.03 million for the quarter, compared to the consensus estimate of $2.60 million. Equities analysts expect that Meta Materials Inc. will post -0.74 EPS for the current year.
Institutional Trading of Meta Materials
About Meta Materials
Meta Materials Inc, a smart materials and photonics company, develops, manufactures, and sells various functional materials and nanocomposites. The company products include metaAIR, a laser glare protection eyewear; NANOWEB, a transparent conductive film; holoOPTIX, a holographic optical element; glucoWISE, a non-invasive glucose measurement device; and metaSURFACE, which allows an enhancement in signal to noise ratio of up to 40 times for magnetic resonance imaging scans.
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