Shares of ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) dropped 6.8% on Tuesday . The stock traded as low as $1.55 and last traded at $1.57. Approximately 21,788 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 84,928 shares. The stock had previously closed at $1.68.
ECARX Stock Down 7.1 %
The firm has a 50 day moving average price of $2.27 and a two-hundred day moving average price of $2.78. The company has a market cap of $527.20 million, a price-to-earnings ratio of -4.14 and a beta of 0.13.
ECARX (NASDAQ:ECX - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.12) EPS for the quarter. The company had revenue of $263.10 million during the quarter. On average, equities analysts expect that ECARX Holdings Inc. will post -0.27 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ECX. Altshuler Shaham Ltd bought a new position in ECARX in the fourth quarter worth approximately $59,000. Northern Trust Corp bought a new position in shares of ECARX in the fourth quarter valued at approximately $161,000. Geode Capital Management LLC bought a new position in shares of ECARX in the fourth quarter valued at approximately $344,000. Schonfeld Strategic Advisors LLC bought a new position in shares of ECARX in the third quarter valued at approximately $51,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of ECARX in the second quarter valued at approximately $102,000.
ECARX Company Profile
(
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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.
Further Reading
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