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374Water (NASDAQ:SCWO) Trading 10.2% Higher

Defense World ·  Jan 14, 2023 02:01

374Water, Inc. (NASDAQ:SCWO – Get Rating) shares traded up 10.2% during trading on Friday . The company traded as high as $3.07 and last traded at $3.03. 45,968 shares were traded during trading, an increase of 56% from the average session volume of 29,463 shares. The stock had previously closed at $2.75.

374Water Stock Performance

The stock has a 50 day moving average of $3.04 and a 200 day moving average of $3.03.

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374Water (NASDAQ:SCWO – Get Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.01) earnings per share (EPS) for the quarter. 374Water had a negative return on equity of 33.32% and a negative net margin of 163.84%. The business had revenue of $0.92 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SCWO. Hamilton Lane Advisors LLC bought a new position in shares of 374Water in the second quarter worth $4,764,000. Compass Ion Advisors LLC bought a new position in 374Water during the second quarter valued at about $732,000. Firestone Capital Management bought a new position in 374Water during the second quarter valued at about $126,000. Credit Suisse AG bought a new position in 374Water during the second quarter valued at about $28,000. Finally, LPL Financial LLC bought a new position in 374Water during the second quarter valued at about $130,000. Institutional investors own 4.98% of the company's stock.

About 374Water

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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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