Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) shares were down 5% during trading on Friday . The company traded as low as $11.98 and last traded at $12.02. Approximately 1,954,009 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 7,363,352 shares. The stock had previously closed at $12.65.
Pony AI Trading Down 4.0%
The company has a fifty day moving average of $12.90 and a two-hundred day moving average of $13.11.
Pony AI (NASDAQ:PONY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $13.98 million during the quarter. Research analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current year.
Institutional Investors Weigh In On Pony AI
A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. bought a new position in shares of Pony AI during the first quarter valued at $139,000. Lansforsakringar Fondforvaltning AB publ bought a new position in Pony AI during the 1st quarter worth $345,000. HITE Hedge Asset Management LLC lifted its holdings in Pony AI by 45.1% during the 1st quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock worth $870,000 after buying an additional 30,654 shares during the period. Wellington Management Group LLP grew its position in shares of Pony AI by 47.8% in the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock valued at $17,568,000 after buying an additional 644,518 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of Pony AI in the first quarter valued at about $441,000.
Pony AI Company Profile
(
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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