VinFast Auto (NASDAQ:VFS) Cut to "Neutral" at BTIG Research

VinFast Auto (NASDAQ:VFS - Get Free Report) was downgraded by stock analysts at BTIG Research from a "buy" rating to a "neutral" rating in a report issued on Friday, MarketBeat Ratings reports.

Separately, Chardan Capital upgraded shares of VinFast Auto to a "strong-buy" rating in a report on Monday, March 24th.

VinFast Auto Stock Performance

Shares of NASDAQ VFS traded up $0.02 during trading on Friday, hitting $3.40. 382,854 shares of the company traded hands, compared to its average volume of 1,179,085. VinFast Auto has a fifty-two week low of $2.55 and a fifty-two week high of $6.42. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.09 and a beta of 0.98. The business's fifty day moving average is $3.24 and its 200 day moving average is $3.78.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of VinFast Auto in the fourth quarter valued at approximately $600,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in VinFast Auto in the fourth quarter worth $29,000. Tidal Investments LLC boosted its position in VinFast Auto by 30.0% in the third quarter. Tidal Investments LLC now owns 172,421 shares of the company's stock worth $659,000 after purchasing an additional 39,787 shares during the last quarter. Jump Financial LLC purchased a new position in VinFast Auto in the fourth quarter worth $51,000. Finally, Walleye Trading LLC purchased a new position in VinFast Auto in the fourth quarter worth $46,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.