Phoenix Motor (NASDAQ:PEV) Stock Price Down 2%

Shares of Phoenix Motor Inc. (NASDAQ:PEVGet Free Report) fell 2% on Tuesday . The stock traded as low as $0.73 and last traded at $0.75. 41,052 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 44,473 shares. The stock had previously closed at $0.77.

Phoenix Motor Stock Down 2.0 %

The business’s fifty day simple moving average is $1.04 and its 200 day simple moving average is $1.12. The company has a current ratio of 0.65, a quick ratio of 0.34 and a debt-to-equity ratio of 0.28. The stock has a market cap of $23.89 million, a price-to-earnings ratio of -1.21 and a beta of 1.29.

Hedge Funds Weigh In On Phoenix Motor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Phoenix Motor in the 4th quarter valued at $35,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Phoenix Motor in the 4th quarter valued at $51,000. Millennium Management LLC acquired a new position in shares of Phoenix Motor in the 2nd quarter valued at $83,000. Finally, Virtu Financial LLC bought a new stake in Phoenix Motor in the 2nd quarter valued at $60,000. Institutional investors and hedge funds own 8.90% of the company’s stock.

About Phoenix Motor

(Get Free Report)

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.

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