ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 829,274 shares were traded during trading, an increase of 22% from the previous session's volume of 681,892 shares.The stock last traded at $2.61 and had previously closed at $2.71.
Analysts Set New Price Targets
Separately, UBS Group assumed coverage on shares of ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 target price for the company.
Check Out Our Latest Report on ECX
ECARX Trading Up 4.4 %
The stock has a 50 day moving average price of $2.17 and a 200-day moving average price of $1.97. The stock has a market capitalization of $969.92 million, a PE ratio of -5.74 and a beta of 0.23.
Institutional Trading of ECARX
Several institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC purchased a new position in ECARX in the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC purchased a new position in shares of ECARX in the fourth quarter worth $32,000. XTX Topco Ltd purchased a new stake in ECARX in the 4th quarter worth $52,000. Citadel Advisors LLC bought a new position in shares of ECARX during the 4th quarter valued at about $68,000. Finally, Green Alpha Advisors LLC purchased a new position in shares of ECARX during the fourth quarter valued at about $167,000.
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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