According to Zacks, “Electrameccanica Vehicles Corp. is engaged in the planning, development and manufacturing of single person electric vehicles. Electrameccanica Vehicles Corp. is headquartered in Vancouver, Canada. “
SOLO traded up $0.01 during midday trading on Tuesday, reaching $1.61. 38,549 shares of the company’s stock were exchanged, compared to its average volume of 1,164,534. The stock has a market capitalization of $190.37 million, a PE ratio of -3.16 and a beta of 2.48. Electrameccanica Vehicles has a 1-year low of $1.26 and a 1-year high of $4.95. The business’s 50-day moving average price is $1.95 and its 200 day moving average price is $2.33.
Several hedge funds and other institutional investors have recently modified their holdings of SOLO. Commonwealth Equity Services LLC grew its holdings in shares of Electrameccanica Vehicles by 39.5% during the third quarter. Commonwealth Equity Services LLC now owns 27,242 shares of the company’s stock worth $96,000 after buying an additional 7,713 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Electrameccanica Vehicles by 13.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 33,066 shares of the company’s stock valued at $118,000 after purchasing an additional 3,933 shares during the period. HighTower Advisors LLC purchased a new stake in Electrameccanica Vehicles in the third quarter valued at approximately $356,000. Dark Forest Capital Management LP purchased a new stake in Electrameccanica Vehicles in the third quarter valued at approximately $35,000. Finally, Marshall Wace LLP purchased a new stake in Electrameccanica Vehicles in the third quarter valued at approximately $83,000. Institutional investors and hedge funds own 22.63% of the company’s stock.
About Electrameccanica Vehicles (Get Rating)
Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster.
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