UBS Group assumed coverage on shares of ECARX (NASDAQ:ECX - Free Report) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $3.20 price target on the stock.
ECARX Stock Performance
Shares of NASDAQ:ECX traded up $0.10 during midday trading on Tuesday, hitting $2.16. 2,294,736 shares of the stock were exchanged, compared to its average volume of 1,366,867. The stock has a market capitalization of $728.28 million, a price-to-earnings ratio of -4.31 and a beta of 0.31. The business's 50-day moving average price is $1.90 and its 200 day moving average price is $1.82. ECARX has a 12 month low of $0.96 and a 12 month high of $3.09.
Institutional Trading of ECARX
Several hedge funds and other institutional investors have recently made changes to their positions in ECX. Two Sigma Securities LLC acquired a new position in shares of ECARX in the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC bought a new stake in ECARX in the fourth quarter valued at approximately $32,000. XTX Topco Ltd bought a new stake in ECARX in the fourth quarter valued at approximately $52,000. Green Alpha Advisors LLC bought a new stake in ECARX in the fourth quarter valued at approximately $167,000. Finally, Marshall Wace LLP bought a new stake in ECARX in the fourth quarter valued at approximately $245,000.
About ECARX
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ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.
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