Tower Research Capital LLC TRC Takes Position in VinFast Auto Ltd. (NASDAQ:VFS)

Tower Research Capital LLC TRC bought a new stake in VinFast Auto Ltd. (NASDAQ:VFS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,435 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC acquired a new stake in shares of VinFast Auto in the 4th quarter valued at $51,000. Walleye Trading LLC bought a new position in shares of VinFast Auto in the fourth quarter valued at about $46,000. Mariner LLC raised its holdings in shares of VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after buying an additional 11,277 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter valued at about $600,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter valued at about $153,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on VFS shares. BTIG Research cut VinFast Auto from a “buy” rating to a “neutral” rating in a report on Friday, April 25th. Chardan Capital raised VinFast Auto to a “strong-buy” rating in a report on Tuesday, April 29th.

VinFast Auto Trading Down 0.3%

Shares of NASDAQ:VFS opened at $3.60 on Friday. The stock has a market capitalization of $8.42 billion, a P/E ratio of -3.27 and a beta of 0.97. VinFast Auto Ltd. has a 1-year low of $2.56 and a 1-year high of $6.42. The business has a 50-day moving average price of $3.27 and a two-hundred day moving average price of $3.75.

VinFast Auto Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.