MP Materials Corp. (NYSE:MP) Director Financial Lp Qvt sold 1,095,612 shares of the stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $34.62, for a total value of $37,930,087.44. The sale was disclosed in a document filed with the SEC, which is available through this link.
MP opened at $31.15 on Wednesday. MP Materials Corp. has a 52 week low of $10.80 and a 52 week high of $51.77. The business has a fifty day simple moving average of $34.65 and a 200-day simple moving average of $33.81. The firm has a market cap of $5.54 billion, a P/E ratio of 141.59 and a beta of 4.93. The company has a quick ratio of 13.41, a current ratio of 13.80 and a debt-to-equity ratio of 0.74.
MP Materials (NYSE:MP) last released its quarterly earnings results on Thursday, August 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $73.12 million for the quarter, compared to analysts’ expectations of $57.60 million. Sell-side analysts expect that MP Materials Corp. will post 0.6 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in shares of MP Materials during the second quarter worth $25,000. Liberty Wealth Management LLC purchased a new position in MP Materials in the second quarter valued at $26,000. Nisa Investment Advisors LLC purchased a new position in MP Materials in the second quarter valued at $27,000. Harbor Investment Advisory LLC purchased a new position in MP Materials in the second quarter valued at $37,000. Finally, Advisory Services Network LLC purchased a new position in MP Materials in the second quarter valued at $39,000. Institutional investors and hedge funds own 68.09% of the company’s stock.
MP Materials Company Profile
MP Materials Corp. engages in the ownership and operation of integrated rare earth mining and processing facilities. It owns and operates the Mountain Pass facility located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.
Read More: How to start trading in the forex market?
Receive News & Ratings for MP Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MP Materials and related companies with MarketBeat.com's FREE daily email newsletter.