Ayro (NASDAQ:AYRO) Stock Price Down 9.1%

Ayro, Inc. (NASDAQ:AYRO – Get Rating)’s stock price dropped 9.1% on Monday . The stock traded as low as $0.58 and last traded at $0.59. Approximately 202,734 shares changed hands during trading, an increase of 36% from the average daily volume of 149,424 shares. The stock had previously closed at $0.65.

Ayro Trading Down 9.1 %

The company has a 50-day simple moving average of $0.64 and a 200 day simple moving average of $0.64. The company has a market cap of $21.73 million, a P/E ratio of -0.92 and a beta of 3.41.

Institutional Investors Weigh In On Ayro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Ayro in the first quarter valued at $32,000. Millennium Management LLC boosted its position in shares of Ayro by 48.9% during the 4th quarter. Millennium Management LLC now owns 218,785 shares of the company’s stock worth $84,000 after acquiring an additional 71,831 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ayro by 287.3% during the 1st quarter. Bank of New York Mellon Corp now owns 506,941 shares of the company’s stock worth $649,000 after acquiring an additional 376,042 shares in the last quarter. Finally, Kingsbury Capital Investment Advisors LLC lifted its holdings in shares of Ayro by 903.9% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 529,117 shares of the company’s stock valued at $443,000 after purchasing an additional 476,409 shares during the last quarter. 9.45% of the stock is currently owned by hedge funds and other institutional investors.

About Ayro

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AYRO, Inc engages in the design of compact electric fleet solutions for use within urban and short-haul markets. It offers the AYRO 311 and Club Car 411 models. The company was founded on May 19, 2016 and is headquartered in Round Rock, TX.