Swvl (NASDAQ:SWVL) Shares Down 7.4%

Shares of Swvl Holdings Corp. (NASDAQ:SWVL) dropped 7.4% during mid-day trading on Tuesday . The stock traded as low as $10.00 and last traded at $10.58. Approximately 32,718 shares traded hands during trading, a decline of 84% from the average daily volume of 198,443 shares. The stock had previously closed at $11.42.

Swvl Stock Down 7.4 %

The company’s 50-day moving average price is $10.44 and its 200-day moving average price is $5.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. Gerber LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned approximately 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is owned by hedge funds and other institutional investors.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.