Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report)'s share price traded down 5% during trading on Friday . The company traded as low as $11.98 and last traded at $12.02. 1,954,009 shares were traded during mid-day trading, a decline of 73% from the average session volume of 7,363,352 shares. The stock had previously closed at $12.65.
Pony AI Trading Down 5.8%
The firm has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $13.10.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million during the quarter. Research analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current fiscal year.
Hedge Funds Weigh In On Pony AI
Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in Pony AI during the first quarter valued at approximately $139,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Pony AI in the 1st quarter valued at approximately $345,000. HITE Hedge Asset Management LLC grew its stake in shares of Pony AI by 45.1% in the first quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock valued at $870,000 after buying an additional 30,654 shares in the last quarter. Wellington Management Group LLP increased its holdings in Pony AI by 47.8% during the first quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock worth $17,568,000 after buying an additional 644,518 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new stake in Pony AI during the first quarter worth $441,000.
About Pony AI
(
Get Free Report)
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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