Maxim Group Reiterates Hold Rating for Zapp Electric Vehicles Group (NASDAQ:ZAPP)

Zapp Electric Vehicles Group (NASDAQ:ZAPP)‘s stock had its “hold” rating reissued by equities researchers at Maxim Group in a report issued on Tuesday,Benzinga reports.

Zapp Electric Vehicles Group Price Performance

Shares of ZAPP stock opened at $0.15 on Tuesday. The firm has a fifty day moving average of $0.58 and a two-hundred day moving average of $1.03. Zapp Electric Vehicles Group has a 1-year low of $0.14 and a 1-year high of $19.10.

Institutional Trading of Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Renaissance Technologies LLC purchased a new position in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 40,556 shares of the company’s stock, valued at approximately $52,000. Renaissance Technologies LLC owned about 1.30% of Zapp Electric Vehicles Group as of its most recent filing with the Securities and Exchange Commission.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.