Titomic Ltd (ASX:TTT) was 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), approximately 364,712 shares were traded during trading. The stock had previously closed at A$0.73 ($0.50).
The stock’s 50 day moving average is A$0.69 and its 200 day moving average is A$0.79. The firm has a market cap 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 bought 400,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of A$0.74 ($0.50) per share, with a total value of A$294,000.00 ($201,369.86).
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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