Ryde Group (NYSEAMERICAN:RYDE) Shares Up 0.4% – Should You Buy?

Ryde Group Ltd. (NYSEAMERICAN:RYDE) shares traded up 0.4% during trading on Wednesday . The stock traded as high as $0.8112 and last traded at $0.7879. Approximately 64,575 shares were traded during trading, a decline of 75% from the average session volume of 261,839 shares. The stock had previously closed at $0.7845.

Ryde Group Price Performance

The company has a fifty day simple moving average of $0.70 and a two-hundred day simple moving average of $0.73.

Ryde Group (NYSEAMERICAN:RYDE) last released its quarterly earnings data on Friday, April 24th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $2.60 million during the quarter.

Insider Transactions at Ryde Group

In other Ryde Group news, CEO Junming Terence Zou sold 618,750 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $0.85, for a total transaction of $525,937.50. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Ryde Group

A hedge fund recently raised its position in Ryde Group stock. Citadel Advisors LLC boosted its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,709 shares of the company’s stock after buying an additional 54,272 shares during the quarter. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent reporting period.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.