LMP Automotive (NASDAQ:LMPX) Stock Price Down 0.1%

LMP Automotive Holdings, Inc. (NASDAQ:LMPXGet Rating) dropped 0.1% during trading on Friday . The company traded as low as $7.10 and last traded at $7.49. Approximately 22,895 shares changed hands during trading, a decline of 17% from the average daily volume of 27,708 shares. The stock had previously closed at $7.50.

LMP Automotive Stock Performance

The business has a 50 day moving average of $8.00 and a 200-day moving average of $7.97.

Hedge Funds Weigh In On LMP Automotive

A hedge fund recently bought a new stake in LMP Automotive stock. Gofen & Glossberg LLC IL acquired a new stake in shares of LMP Automotive Holdings, Inc. (NASDAQ:LMPXGet Rating) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,637 shares of the company’s stock, valued at approximately $108,000. Gofen & Glossberg LLC IL owned about 0.21% of LMP Automotive at the end of the most recent quarter. 0.22% of the stock is owned by institutional investors.

About LMP Automotive

(Get Rating)

LMP Automotive Holdings, Inc, through its subsidiaries, buys, sells, rents and subscribes for, and obtains financing for automobiles online and in person in the United States. It primarily buys pre-owned automobiles primarily through auctions or directly from other automobile dealers, as well as new automobiles from manufacturers and manufacturer distributors at fleet rates.

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