374Water (NASDAQ:SCWO) Stock Price Down 4.7%

374Water, Inc. (NASDAQ:SCWO) shares fell 4.7% during mid-day trading on Monday . The company traded as low as $1.14 and last traded at $1.21. 178,016 shares traded hands during trading, a decline of 23% from the average session volume of 231,294 shares. The stock had previously closed at $1.27.

374Water Price Performance

The company has a market cap of $160.53 million, a price-to-earnings ratio of -30.25 and a beta of 0.67. The stock has a 50-day moving average price of $1.41 and a 200 day moving average price of $1.97.

Hedge Funds Weigh In On 374Water

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of 374Water by 345.8% during the 2nd quarter. BlackRock Inc. now owns 3,518,040 shares of the company’s stock worth $8,408,000 after purchasing an additional 2,728,938 shares during the last quarter. Vanguard Group Inc. acquired a new stake in shares of 374Water in the third quarter valued at approximately $5,060,000. Icon Wealth Partners LLC bought a new stake in shares of 374Water during the 1st quarter valued at $5,412,000. Geode Capital Management LLC grew its stake in 374Water by 199.6% during the second quarter. Geode Capital Management LLC now owns 1,142,961 shares of the company’s stock worth $2,732,000 after buying an additional 761,475 shares in the last quarter. Finally, State Street Corp increased its stake in 374Water by 3,725.7% in the second quarter. State Street Corp now owns 1,048,236 shares of the company’s stock valued at $2,505,000 after acquiring an additional 1,020,836 shares during the last quarter. 12.33% of the stock is owned by institutional investors.

About 374Water

374Water, Inc is a clean technology company. It offers supercritical water oxidation (SWCO) waste processors. It caters to municipal and industrial wastewater treatment plants, food waste, chemical plants, and army camps and emergency situations. The company was founded by Yaacov Nagar and Marc Deshusses on September 8, 2005 and is headquartered in Durham, NC.