ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s share price dropped 10.2% during mid-day trading on Wednesday . The company traded as low as $2.45 and last traded at $2.58. Approximately 4,515,856 shares were traded during mid-day trading, an increase of 68% from the average daily volume of 2,683,456 shares. The stock had previously closed at $2.87.
Analyst Ratings Changes
Separately, UBS Group initiated coverage on ECARX in a research report on Tuesday, February 11th. They issued a "buy" rating and a $3.20 price objective for the company.
View Our Latest Stock Report on ECX
ECARX Stock Down 33.6 %
The stock has a market cap of $506.93 million, a PE ratio of -3.00 and a beta of 0.23. The stock's fifty day moving average price is $2.18 and its 200 day moving average price is $1.98.
Institutional Trading of ECARX
A number of large investors have recently made changes to their positions in ECX. Millennium Management LLC bought a new position in shares of ECARX during the 4th quarter valued at $207,000. Citadel Advisors LLC purchased a new stake in shares of ECARX during the 4th quarter valued at about $68,000. Jane Street Group LLC purchased a new stake in ECARX during the fourth quarter valued at approximately $364,000. Northern Trust Corp boosted its stake in shares of ECARX by 103.8% during the 4th quarter. Northern Trust Corp now owns 81,616 shares of the company's stock worth $172,000 after acquiring an additional 41,568 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of ECARX during the 4th quarter worth $30,000.
ECARX Company Profile
(
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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