374Water, Inc. (NASDAQ:SCWO – Get Rating)'s share price dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $3.17 and last traded at $3.17. Approximately 23,976 shares were traded during trading, a decline of 54% from the average daily volume of 52,163 shares. The stock had previously closed at $3.30.
374Water Trading Down 3.9 %
The business has a fifty day moving average of $3.21.
Get 374Water alerts:374Water (NASDAQ:SCWO – Get Rating) last released its earnings results on Tuesday, November 1st. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.92 million for the quarter. 374Water had a negative return on equity of 33.32% and a negative net margin of 163.84%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Credit Suisse AG purchased a new position in 374Water during the 2nd quarter worth $28,000. Jane Street Group LLC purchased a new position in 374Water during the 2nd quarter worth $32,000. Atom Investors LP purchased a new stake in shares of 374Water in the third quarter valued at about $80,000. Firestone Capital Management purchased a new stake in shares of 374Water in the second quarter valued at about $126,000. Finally, LPL Financial LLC purchased a new stake in shares of 374Water in the second quarter valued at about $130,000. 3.52% of the stock is owned by hedge funds and other institutional investors.374Water Company Profile
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374Water, Inc focuses on providing a technology that addresses environmental pollution challenges. It develops a waste stream treatment system based on supercritical water oxidation technology. The company's AirSCWO systems are used to treat various hazardous and non-hazardous waste streams. Its clients include channel partners, such as engineering-procurement and construction companies, technology integrators, waste service providers, operations service providers, and NGOs; and end-users, which include utilities, industrial manufacturing facilities, waste management and environmental remediation companies, agricultural companies, and governmental entities.
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