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

LMP Automotive Holdings, Inc. (NASDAQ:LMPX – Get 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:LMPX – Get 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

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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.