VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report)'s share price fell 5% during mid-day trading on Friday . The stock traded as low as $3.38 and last traded at $3.36. 402,871 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 552,693 shares. The stock had previously closed at $3.53.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on VFS. Chardan Capital raised shares of VinFast Auto to a "strong-buy" rating in a report on Tuesday, April 29th. BTIG Research lowered shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th.
View Our Latest Report on VFS
VinFast Auto Stock Performance
The company's 50 day moving average price is $3.32 and its 200 day moving average price is $3.73. The company has a market cap of $7.76 billion, a price-to-earnings ratio of -3.02 and a beta of 0.97.
Institutional Investors Weigh In On VinFast Auto
Several institutional investors and hedge funds have recently made changes to their positions in VFS. Tower Research Capital LLC TRC acquired a new stake in shares of VinFast Auto in the 4th quarter valued at $26,000. Walleye Trading LLC acquired a new position in VinFast Auto during the 4th quarter worth about $46,000. Jump Financial LLC acquired a new position in VinFast Auto during the 4th quarter worth about $51,000. Mariner LLC lifted its position in VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock worth $99,000 after buying an additional 11,277 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in VinFast Auto during the 4th quarter worth about $153,000.
About VinFast Auto
(
Get Free Report)
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.
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