NXU (NASDAQ:NXU) Trading Down 1.5%

Nxu, Inc. (NASDAQ:NXU)’s stock price fell 1.5% during trading on Tuesday . The company traded as low as $0.59 and last traded at $0.59. 283,274 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 2,393,672 shares. The stock had previously closed at $0.60.

NXU Stock Performance

The stock’s fifty day moving average price is $0.83 and its 200 day moving average price is $0.61. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On NXU

Institutional investors have recently made changes to their positions in the stock. UBS Group AG bought a new position in shares of NXU during the 4th quarter valued at $30,000. Renaissance Technologies LLC bought a new position in shares of NXU during the 4th quarter valued at $40,000. Charles Schwab Investment Management Inc. bought a new position in shares of NXU during the 4th quarter valued at $51,000. CIBC Asset Management Inc bought a new position in shares of NXU during the 1st quarter valued at $35,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of NXU during the 1st quarter valued at $395,000. Institutional investors own 0.33% of the company’s stock.

NXU Company Profile

Nxu, Inc, formerly known as Atlis Motor Vehicles, is a US-owned technology company manufacturing innovative battery cells and battery packs, for use in advanced energy storage systems and megawatt charging stations.