Fly-E Group (NASDAQ:FLYE) Earns Sell (D) Rating from Weiss Ratings

Fly-E Group (NASDAQ:FLYE)‘s stock had its “sell (d)” rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Fly-E Group to a “sell” rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fly-E Group Stock Up 6.5%

Shares of Fly-E Group stock opened at $0.69 on Wednesday. The business has a fifty day simple moving average of $2.06 and a two-hundred day simple moving average of $2.80. Fly-E Group has a 1 year low of $0.51 and a 1 year high of $8.30.

Fly-E Group (NASDAQ:FLYE) last released its quarterly earnings results on Tuesday, August 19th. The company reported ($0.30) EPS for the quarter. The company had revenue of $5.33 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd bought a new position in shares of Fly-E Group, Inc. (NASDAQ:FLYE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.19% of Fly-E Group at the end of the most recent quarter.

Fly-E Group Company Profile

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.