NextDecade (NASDAQ:NEXT) Stock Price Down 2.2% – Here’s What Happened

Shares of NextDecade Co. (NASDAQ:NEXT) traded down 2.2% during trading on Wednesday . The company traded as low as $7.00 and last traded at $7.02. 186,568 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,596,860 shares. The stock had previously closed at $7.18.

NextDecade Trading Down 0.3 %

The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The business’s 50-day moving average price is $5.88 and its 200 day moving average price is $6.43. The company has a market cap of $1.86 billion, a P/E ratio of -6.41 and a beta of 1.25.

Institutional Trading of NextDecade

Institutional investors and hedge funds have recently bought and sold shares of the business. Twin Securities Inc. acquired a new stake in shares of NextDecade during the 3rd quarter worth about $52,000. Marshall Wace LLP grew its position in shares of NextDecade by 21.9% in the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of NextDecade during the second quarter worth approximately $108,000. nVerses Capital LLC acquired a new stake in NextDecade during the 2nd quarter worth approximately $122,000. Finally, Principal Financial Group Inc. grew its holdings in NextDecade by 49.0% in the 2nd quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock valued at $124,000 after buying an additional 5,133 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.