Zapp Electric Vehicles Group (NASDAQ:ZAPP) Stock Price Down 4.9%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) was down 4.9% during mid-day trading on Tuesday . The stock traded as low as $0.24 and last traded at $0.25. Approximately 41,573 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 68,866 shares. The stock had previously closed at $0.26.

Zapp Electric Vehicles Group Price Performance

The firm has a fifty day moving average of $0.26 and a 200-day moving average of $0.29.

Institutional Trading of Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Geode Capital Management LLC bought a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned approximately 0.06% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.