XTI Aerospace (NASDAQ:XTIA) Shares Cross Below 200-Day Moving Average – Here’s What Happened

XTI Aerospace, Inc. (NASDAQ:XTIA) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.84 and traded as low as $1.14. XTI Aerospace shares last traded at $1.20, with a volume of 229,922 shares traded.

Analyst Ratings Changes

Separately, Maxim Group upgraded shares of XTI Aerospace to a “strong-buy” rating in a research note on Friday, January 31st.

XTI Aerospace Price Performance

The business’s 50-day simple moving average is $2.70 and its two-hundred day simple moving average is $11.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.34.

Hedge Funds Weigh In On XTI Aerospace

A hedge fund recently raised its stake in XTI Aerospace stock. Jane Street Group LLC increased its position in XTI Aerospace, Inc. (NASDAQ:XTIA) by 5,712.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 759,801 shares of the technology company’s stock after purchasing an additional 746,730 shares during the period. Jane Street Group LLC owned 41.07% of XTI Aerospace worth $33,000 at the end of the most recent reporting period. 11.70% of the stock is currently owned by hedge funds and other institutional investors.

About XTI Aerospace

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.