Ayro (NASDAQ:AYRO) Shares Down 4.9%

Ayro, Inc. (NASDAQ:AYRO) shares fell 4.9% during trading on Wednesday . The company traded as low as $1.32 and last traded at $1.35. 103,593 shares traded hands during trading, an increase of 160% from the average session volume of 39,872 shares. The stock had previously closed at $1.42.

Ayro Stock Performance

The stock has a market capitalization of $6.67 million, a P/E ratio of -0.16 and a beta of 3.32. The stock has a 50 day moving average of $1.69 and a 200 day moving average of $1.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of Ayro by 287.3% during the first quarter. Bank of New York Mellon Corp now owns 506,941 shares of the company’s stock valued at $649,000 after purchasing an additional 376,042 shares during the period. Millennium Management LLC grew its holdings in Ayro by 48.9% during the fourth quarter. Millennium Management LLC now owns 218,785 shares of the company’s stock worth $84,000 after acquiring an additional 71,831 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in Ayro during the first quarter worth about $34,000. Finally, Virtu Financial LLC acquired a new position in Ayro during the first quarter worth about $32,000. 5.65% of the stock is owned by institutional investors and hedge funds.

About Ayro

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.