Barclays PLC acquired a new stake in shares of ECARX Holdings Inc. (NASDAQ:ECX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 165,000 shares of the company's stock, valued at approximately $348,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Green Alpha Advisors LLC purchased a new stake in ECARX during the 4th quarter valued at $167,000. Virtu Financial LLC purchased a new position in ECARX in the 4th quarter worth about $319,000. Finally, Renaissance Technologies LLC purchased a new position in ECARX in the 4th quarter worth about $630,000.
ECARX Trading Down 4.0%
NASDAQ:ECX traded down $0.07 during trading hours on Thursday, reaching $1.56. The company had a trading volume of 483,143 shares, compared to its average volume of 1,807,531. The firm has a market cap of $576.49 million, a price-to-earnings ratio of -3.11 and a beta of 0.47. The firm's 50 day moving average price is $1.61 and its 200-day moving average price is $1.82. ECARX Holdings Inc. has a 52 week low of $0.76 and a 52 week high of $3.25.
ECARX (NASDAQ:ECX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.03). The business had revenue of $168.40 million during the quarter, compared to the consensus estimate of $154.18 million. On average, analysts forecast that ECARX Holdings Inc. will post -0.42 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, UBS Group started coverage on shares of ECARX in a research note on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price target for the company.
View Our Latest Analysis on ECARX
About ECARX
(
Free Report)
ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.
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