Phoenix Motor (NASDAQ:PEV) Shares Down 5%

Phoenix Motor Inc. (NASDAQ:PEV)’s stock price traded down 5% on Thursday . The stock traded as low as $0.56 and last traded at $0.57. 3,258 shares traded hands during trading, a decline of 97% from the average session volume of 117,661 shares. The stock had previously closed at $0.60.

Phoenix Motor Stock Performance

The company has a market cap of $12.07 million, a PE ratio of -0.82 and a beta of 1.88. The firm’s fifty day moving average is $0.67 and its 200 day moving average is $0.78. The company has a current ratio of 0.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Phoenix Motor

A hedge fund recently bought a new stake in Phoenix Motor stock. Virtu Financial LLC bought a new position in shares of Phoenix Motor Inc. (NASDAQ:PEV) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,720 shares of the company’s stock, valued at approximately $60,000. Virtu Financial LLC owned about 0.06% of Phoenix Motor as of its most recent SEC filing. Institutional investors and hedge funds own 0.10% of the company’s stock.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.