AYRO (NASDAQ:AYRO) Trading Down 2.7% – Here’s What Happened

AYRO, Inc. (NASDAQ:AYRO)’s stock price was down 2.7% during mid-day trading on Tuesday . The company traded as low as $1.64 and last traded at $1.78. Approximately 44,234 shares traded hands during trading, a decline of 47% from the average daily volume of 83,213 shares. The stock had previously closed at $1.83.

AYRO Stock Down 2.7%

The company has a market capitalization of $1.20 million, a P/E ratio of -0.05 and a beta of 3.34. The business has a 50 day simple moving average of $2.55 and a 200-day simple moving average of $3.49.

About AYRO

AYRO, Inc, headquartered in Round Rock, Texas, is a manufacturer of low-speed electric vehicles designed for short-distance transport and utility applications. The company specializes in developing battery-electric vehicles (BEVs) tailored to the needs of last-mile delivery, facilities management and campus mobility. AYRO’s product portfolio includes compact commercial cargo vans and utility vehicles that combine zero-emission operation with customizable configurations for urban and industrial environments.

Founded in 2017, AYRO brings together expertise in automotive engineering, battery technology and modular vehicle design to serve a growing market for sustainable transportation solutions.