Phoenix Motor (NASDAQ:PEV) Stock Price Up 0.3% – What’s Next?

Phoenix Motor Inc. (NASDAQ:PEV) shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as $0.28 and last traded at $0.27. Approximately 1,866,327 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 3,795,063 shares. The stock had previously closed at $0.27.

Phoenix Motor Stock Up 0.3 %

The firm has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.35. The company has a market capitalization of $12.46 million, a PE ratio of -0.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 0.49.

Hedge Funds Weigh In On Phoenix Motor

A hedge fund recently bought a new stake in Phoenix Motor stock. Virtu Financial LLC acquired a new stake in shares of Phoenix Motor Inc. (NASDAQ:PEV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 102,532 shares of the company’s stock, valued at approximately $31,000. Virtu Financial LLC owned 0.27% of Phoenix Motor as of its most recent SEC filing. Hedge funds and other institutional investors own 8.90% of the company’s stock.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.