Phoenix Motor (NASDAQ:PEV) Stock Price Up 0.3% – Here’s What Happened

Phoenix Motor Inc. (NASDAQ:PEV)’s stock price rose 0.3% during mid-day trading on Thursday . The company traded as high as $0.28 and last traded at $0.27. Approximately 1,866,327 shares traded hands during trading, a decline of 57% from the average daily volume of 4,338,090 shares. The stock had previously closed at $0.27.

Phoenix Motor Trading Up 0.3%

The business has a fifty day moving average of $0.27 and a 200-day moving average of $0.32. The stock has a market capitalization of $12.46 million, a price-to-earnings ratio of -0.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 0.49.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phoenix Motor stock. Virtu Financial LLC purchased a new position in Phoenix Motor Inc. (NASDAQ:PEV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned approximately 0.27% of Phoenix Motor at the end of the most recent quarter. Institutional investors and hedge funds own 8.90% of the company’s stock.

Phoenix Motor Company Profile

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.