Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) dropped 5.2% during trading on Thursday . The company traded as low as $19.53 and last traded at $20.04. Approximately 4,937,752 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 12,089,664 shares. The stock had previously closed at $21.13.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock's 50 day simple moving average is $22.01 and its two-hundred day simple moving average is $17.92. The firm has a market capitalization of $5.31 billion, a PE ratio of -21.89 and a beta of 1.51.
In related news, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its position in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp grew its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock valued at $38,000 after buying an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of NuScale Power in the 4th quarter valued at $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power during the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 78.37% of the company's stock.
NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.
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