Swvl (NASDAQ:SWVL) Shares Down 2%

Swvl Holdings Corp. (NASDAQ:SWVLGet Free Report)’s stock price was down 2% during trading on Monday . The company traded as low as $10.27 and last traded at $10.31. Approximately 13,046 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 170,785 shares. The stock had previously closed at $10.52.

Swvl Stock Performance

The stock’s fifty day moving average price is $11.45 and its 200 day moving average price is $6.52. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Gerber LLC bought a new position in Swvl Holdings Corp. (NASDAQ:SWVLFree Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned 0.37% of Swvl as of its most recent SEC filing. 34.03% of the stock is currently owned by institutional investors and hedge funds.

About Swvl

(Get Free Report)

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.

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