Titomic Ltd (ASX:TTT)’s stock price traded down 4.8% during trading on Tuesday . The company traded as low as A$0.68 ($0.47) and last traded at A$0.69 ($0.47), 364,712 shares traded hands during mid-day trading. The stock had previously closed at A$0.73 ($0.50).
The stock’s 50-day simple moving average is A$0.69 and its 200 day simple moving average is A$0.79. The stock has a market capitalization of $88.02 million and a price-to-earnings ratio of -10.00. The company has a quick ratio of 2.17, a current ratio of 2.95 and a debt-to-equity ratio of 9.37.
In related news, insider Philip Vafiadis sold 568,750 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of A$0.60 ($0.41), for a total value of A$341,250.00 ($233,732.88).
Titomic Limited operates in the additive manufacturing sector in Australia. The company focuses on the development and commercialization of the Titomic Kinetic Fusion process, an automated additive manufacturing process that is used for the application of cold-gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load bearing structure.
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