ECARX (NASDAQ:ECX) Upgraded at Zacks Research

Zacks Research upgraded shares of ECARX (NASDAQ:ECX) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ECARX in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ECARX has an average rating of “Reduce”.

ECARX Stock Performance

ECX stock opened at $1.19 on Tuesday. ECARX has a 1 year low of $0.84 and a 1 year high of $2.70. The firm has a market cap of $424.20 million, a P/E ratio of -5.95 and a beta of 0.96. The stock has a 50-day simple moving average of $1.34 and a 200-day simple moving average of $1.75.

ECARX (NASDAQ:ECX) last posted its earnings results on Thursday, February 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $301.06 million during the quarter, compared to analyst estimates of $311.90 million. On average, equities research analysts predict that ECARX will post -0.42 EPS for the current year.

Institutional Trading of ECARX

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of ECARX in the 3rd quarter worth approximately $51,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of ECARX in the 4th quarter worth approximately $47,000. Millennium Management LLC bought a new stake in shares of ECARX in the 4th quarter worth approximately $48,000. Squarepoint Ops LLC bought a new stake in shares of ECARX in the 3rd quarter worth approximately $59,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of ECARX in the 4th quarter worth approximately $58,000.

ECARX Company Profile

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).