Ideanomics (NASDAQ:IDEX) Trading Up 3%

Ideanomics, Inc. (NASDAQ:IDEX) traded up 3% during mid-day trading on Monday . The company traded as high as $1.04 and last traded at $1.02. 311,857 shares traded hands during trading, a decline of 31% from the average session volume of 453,369 shares. The stock had previously closed at $0.99.

Ideanomics Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.42 and a quick ratio of 0.27. The company has a market cap of $12.21 million, a price-to-earnings ratio of -0.02 and a beta of 0.61. The firm has a 50 day simple moving average of $0.98 and a 200-day simple moving average of $1.42.

Institutional Investors Weigh In On Ideanomics

An institutional investor recently bought a new position in Ideanomics stock. Jump Financial LLC purchased a new position in shares of Ideanomics, Inc. (NASDAQ:IDEX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,600 shares of the company’s stock, valued at approximately $26,000. Jump Financial LLC owned approximately 0.09% of Ideanomics as of its most recent SEC filing. 4.41% of the stock is currently owned by hedge funds and other institutional investors.

About Ideanomics

Ideanomics, Inc, through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia, Europe, and the United States. The company's Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators.