Zapp Electric Vehicles Group (NASDAQ:ZAPP) Given Hold Rating at Maxim Group

Maxim Group restated their hold rating on shares of Zapp Electric Vehicles Group (NASDAQ:ZAPP) in a research note released on Tuesday morning,Benzinga reports.

Zapp Electric Vehicles Group Price Performance

Shares of ZAPP opened at $0.15 on Tuesday. Zapp Electric Vehicles Group has a 1-year low of $0.14 and a 1-year high of $19.10. The company’s fifty day moving average price is $0.59 and its 200-day moving average price is $1.04.

Institutional Investors Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Renaissance Technologies LLC acquired a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,556 shares of the company’s stock, valued at approximately $52,000. Renaissance Technologies LLC owned about 1.30% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.