Zapp Electric Vehicles Group (NASDAQ:ZAPP) Shares to Reverse Split on Tuesday, April 23rd

Shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) are set to reverse split on Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 23rd.

Zapp Electric Vehicles Group Stock Down 7.1 %

Zapp Electric Vehicles Group stock opened at $0.15 on Friday. Zapp Electric Vehicles Group has a 1-year low of $0.13 and a 1-year high of $10.00. The company has a fifty day simple moving average of $0.25 and a 200 day simple moving average of $0.29.

Hedge Funds Weigh In On Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Geode Capital Management LLC purchased a new position in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the second quarter, according to its most recent filing with the SEC. The firm purchased 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned 0.06% of Zapp Electric Vehicles Group at the end of the most recent quarter.

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.