Infini Capital Management Ltd Makes New Investment in ECARX Holdings, Inc. (NASDAQ:ECX)

Infini Capital Management Ltd purchased a new position in shares of ECARX Holdings, Inc. (NASDAQ:ECX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,591,044 shares of the company's stock, valued at approximately $2,005,000. ECARX accounts for approximately 2.0% of Infini Capital Management Ltd's holdings, making the stock its 7th largest holding. Infini Capital Management Ltd owned 0.43% of ECARX as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in shares of ECARX in the 4th quarter valued at approximately $207,000. Citadel Advisors LLC purchased a new position in shares of ECARX in the 4th quarter valued at approximately $68,000. Jane Street Group LLC purchased a new position in shares of ECARX in the 4th quarter valued at approximately $364,000. Northern Trust Corp grew its stake in shares of ECARX by 103.8% in the 4th quarter. Northern Trust Corp now owns 81,616 shares of the company's stock valued at $172,000 after purchasing an additional 41,568 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of ECARX in the 4th quarter valued at approximately $30,000.

ECARX Trading Down 1.1%

Shares of ECX stock opened at $2.18 on Monday. The business's 50 day moving average is $1.67 and its two-hundred day moving average is $1.79. ECARX Holdings, Inc. has a twelve month low of $0.76 and a twelve month high of $3.25. The company has a market capitalization of $806.34 million, a P/E ratio of -6.21 and a beta of 0.68.

ECARX (NASDAQ:ECX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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. As a group, equities analysts predict that ECARX Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.

ECARX Company Profile

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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