Momentus (NASDAQ:MNTS) Trading 3.2% Higher

Momentus Inc. (NASDAQ:MNTS) shares traded up 3.2% during trading on Wednesday . The company traded as high as $0.40 and last traded at $0.39. 281,314 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,750,669 shares. The stock had previously closed at $0.38.

Momentus Price Performance

The stock’s 50-day moving average is $0.57 and its 200 day moving average is $1.64.

Hedge Funds Weigh In On Momentus

Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in Momentus during the 1st quarter worth about $36,000. Blair William & Co. IL bought a new position in Momentus during the 1st quarter worth about $55,000. NewEdge Advisors LLC bought a new position in Momentus during the 2nd quarter worth about $41,000. American International Group Inc. bought a new position in Momentus during the 2nd quarter worth about $55,000. Finally, LPL Financial LLC bought a new position in Momentus during the 2nd quarter worth about $59,000. Institutional investors own 9.24% of the company’s stock.

Momentus Company Profile

Momentus Inc, together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.