Ayro, Inc. (NASDAQ:AYRO) CEO Thomas Michael Wittenschlaeger Purchases 30,530 Shares

Ayro, Inc. (NASDAQ:AYROGet Rating) CEO Thomas Michael Wittenschlaeger purchased 30,530 shares of Ayro stock in a transaction on Monday, May 16th. The stock was bought at an average cost of $0.93 per share, with a total value of $28,392.90. Following the completion of the acquisition, the chief executive officer now owns 30,530 shares in the company, valued at $28,392.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Ayro stock opened at $0.96 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 25.57 and a quick ratio of 24.18. Ayro, Inc. has a fifty-two week low of $0.74 and a fifty-two week high of $5.98. The firm has a fifty day moving average price of $1.14 and a two-hundred day moving average price of $1.54. The company has a market cap of $35.44 million, a PE ratio of -1.09 and a beta of 3.49.

Ayro (NASDAQ:AYROGet Rating) last issued its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.21) earnings per share for the quarter. Ayro had a negative net margin of 1,096.37% and a negative return on equity of 41.29%. The company had revenue of $0.81 million during the quarter.

Large investors have recently added to or reduced their stakes in the company. Jump Financial LLC bought a new position in shares of Ayro during the 3rd quarter worth about $39,000. UBS Group AG bought a new position in shares of Ayro during the 3rd quarter worth about $44,000. Marshall Wace LLP bought a new position in shares of Ayro during the 4th quarter worth about $30,000. Virtu Financial LLC bought a new position in shares of Ayro during the 1st quarter worth about $32,000. Finally, Bank of America Corp DE lifted its holdings in Ayro by 1,941.2% during the 2nd quarter. Bank of America Corp DE now owns 59,215 shares of the company’s stock valued at $289,000 after purchasing an additional 56,314 shares during the last quarter. 26.20% of the stock is owned by institutional investors.

About Ayro (Get Rating)

Ayro, Inc designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.

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