VinFast Auto (NASDAQ:VFS) Upgraded to "Strong-Buy" at Chardan Capital

VinFast Auto (NASDAQ:VFS - Get Free Report) was upgraded by Chardan Capital to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.

VinFast Auto Trading Up 4.3 %

VinFast Auto stock traded up $0.14 during mid-day trading on Monday, hitting $3.39. The company had a trading volume of 491,086 shares, compared to its average volume of 1,390,903. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $6.42. The company has a market capitalization of $7.93 billion, a PE ratio of -3.08 and a beta of 0.93. The stock's 50 day moving average price is $3.63 and its two-hundred day moving average price is $3.90.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VFS. Tower Research Capital LLC TRC purchased a new stake in shares of VinFast Auto during the fourth quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in VinFast Auto during the 4th quarter valued at about $29,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto during the 4th quarter valued at about $46,000. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the third quarter worth approximately $48,000. Finally, Jump Financial LLC purchased a new position in shares of VinFast Auto during the fourth quarter valued at approximately $51,000.

VinFast Auto Company Profile

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.