LiveWire Group (NYSE:LVWR) Announces Earnings Results

LiveWire Group (NYSE:LVWR) announced its quarterly earnings data on Wednesday. The company reported ($0.11) EPS for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. During the same period last year, the business earned ($0.16) EPS.

LiveWire Group Trading Down 0.5 %

NYSE LVWR traded down $0.02 during trading on Wednesday, reaching $3.06. 15,489 shares of the company’s stock were exchanged, compared to its average volume of 44,560. LiveWire Group has a fifty-two week low of $3.00 and a fifty-two week high of $11.36. The company’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $5.81. The firm has a market capitalization of $620.93 million, a PE ratio of -5.99 and a beta of 0.95.

Insider Transactions at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 12,729 shares of company stock valued at $76,841 in the last three months. Corporate insiders own 1.92% of the company’s stock.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.