Insider Buying: Sintx Technologies, Inc. (NASDAQ:SINT) Director Buys $33,000.00 in Stock

Sintx Technologies, Inc. (NASDAQ:SINT) Director Mark Lewis Anderson bought 10,000 shares of the business’s stock in a transaction on Wednesday, June 18th. The stock was bought at an average price of $3.30 per share, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $49,500. This represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Mark Lewis Anderson also recently made the following trade(s):

• On Thursday, April 24th, Mark Lewis Anderson purchased 5,000 shares of Sintx Technologies stock. The shares were bought at an average price of $2.36 per share, with a total value of $11,800.00.

Sintx Technologies Stock Performance

NASDAQ:SINT opened at $3.11 on Thursday. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $3.07. Sintx Technologies, Inc. has a 1-year low of $1.71 and a 1-year high of $8.60. The stock has a market cap of $7.81 million, a P/E ratio of -0.06 and a beta of 0.73.

Sintx Technologies (NASDAQ:SINT) last posted its earnings results on Thursday, May 15th. The company reported ($1.29) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.58). Sintx Technologies had a negative return on equity of 203.66% and a negative net margin of 483.85%. The business had revenue of $0.37 million for the quarter, compared to analyst estimates of $0.73 million.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets reduced their price objective on Sintx Technologies from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 30th.

Hedge Funds Weigh In On Sintx Technologies

An institutional investor recently bought a new position in Sintx Technologies stock. Renaissance Technologies LLC acquired a new stake in Sintx Technologies, Inc. (NASDAQ:SINT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,900 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 1.63% of Sintx Technologies as of its most recent SEC filing. 18.38% of the stock is currently owned by institutional investors and hedge funds.

Sintx Technologies Company Profile

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.