Wells Fargo & Company MN Has $189,000 Holdings in IperionX Limited (NASDAQ:IPX)

Wells Fargo & Company MN decreased its stake in shares of IperionX Limited (NASDAQ:IPX) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,500 shares of the company’s stock after selling 1,691 shares during the quarter. Wells Fargo & Company MN’s holdings in IperionX were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in IperionX in the fourth quarter valued at $241,000. Tidal Investments LLC acquired a new stake in shares of IperionX in the 3rd quarter valued at about $368,000. Finally, Sowell Financial Services LLC bought a new stake in IperionX in the 4th quarter valued at about $1,597,000. Institutional investors own 2.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley reduced their price objective on IperionX from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd.

IperionX Stock Performance

IPX opened at $21.57 on Friday. The company’s fifty day moving average price is $19.09 and its two-hundred day moving average price is $24.44. IperionX Limited has a 1-year low of $12.28 and a 1-year high of $38.93. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.

IperionX Company Profile

IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.