ECARX (NASDAQ:ECX) Shares Gap Up to $1.60

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.60, but opened at $1.65. ECARX shares last traded at $1.65, with a volume of 379 shares traded.

ECARX Trading Up 3.1 %

The stock has a market capitalization of $557.62 million, a P/E ratio of -4.34 and a beta of 0.13. The company has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $2.76.

ECARX (NASDAQ:ECX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $263.10 million during the quarter. As a group, analysts forecast that ECARX Holdings Inc. will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ECARX

Several institutional investors have recently modified their holdings of ECX. Altshuler Shaham Ltd acquired a new position in shares of ECARX during the 4th quarter worth about $59,000. Northern Trust Corp acquired a new position in shares of ECARX during the 4th quarter worth about $161,000. Geode Capital Management LLC acquired a new position in shares of ECARX during the 4th quarter worth about $344,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of ECARX during the 3rd quarter worth about $51,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of ECARX during the 2nd quarter worth about $102,000.

About ECARX

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.