TOYO (NASDAQ:TOYO) Stock Price Down 5.5% - Here's What Happened

Key Points

• TOYO Co., Ltd. (NASDAQ:TOYO) shares fell by 5.5%, trading at $4.95 after hitting a low of $5.00 during the session.
• The company has a quick ratio of 0.28 and a current ratio of 0.44, indicating potential liquidity issues.
• Hedge fund XTX Topco Ltd acquired a new position in TOYO, buying 10,814 shares valued at approximately $37,000, showing continued interest from institutional investors who hold 84.61% of the stock.

TOYO Co., Ltd. (NASDAQ:TOYO - Get Free Report) fell 5.5% during mid-day trading on Thursday . The company traded as low as $5.00 and last traded at $4.95. 14,988 shares were traded during mid-day trading, a decline of 62% from the average session volume of 39,529 shares. The stock had previously closed at $5.24.

TOYO Stock Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.44 and a quick ratio of 0.28. The stock's 50-day moving average price is $4.06 and its 200-day moving average price is $3.39.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TOYO stock. XTX Topco Ltd bought a new position in TOYO Co., Ltd. (NASDAQ:TOYO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,814 shares of the company's stock, valued at approximately $37,000. Institutional investors and hedge funds own 84.61% of the company's stock.

About TOYO

TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain.