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ECARX (NASDAQ:ECX) Shares Down 5.1% - Time to Sell?

ECARX logo with Business Services background

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s stock price dropped 5.1% during trading on Tuesday . The company traded as low as $2.03 and last traded at $2.04. Approximately 944,936 shares traded hands during trading, a decline of 49% from the average daily volume of 1,849,991 shares. The stock had previously closed at $2.15.

ECARX Stock Performance

The firm has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $1.81. The firm has a market capitalization of $679.28 million, a P/E ratio of -4.02 and a beta of 0.35.

Institutional Investors Weigh In On ECARX

A hedge fund recently bought a new stake in ECARX stock. Green Alpha Advisors LLC bought a new stake in ECARX Holdings Inc. (NASDAQ:ECX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 78,996 shares of the company's stock, valued at approximately $167,000.

About ECARX

(Get Free Report)

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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