ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) shares were down 5.5% on Tuesday . The company traded as low as $2.51 and last traded at $2.50. Approximately 522,104 shares were traded during trading, a decline of 16% from the average daily volume of 623,447 shares. The stock had previously closed at $2.64.
Analyst Upgrades and Downgrades
Separately, UBS Group started coverage on shares of ECARX in a research report on Tuesday, February 11th. They set a "buy" rating and a $3.20 price target on the stock.
Get Our Latest Analysis on ECX
ECARX Stock Down 1.8 %
The business's 50-day moving average is $2.14 and its two-hundred day moving average is $1.95. The company has a market capitalization of $898.95 million, a P/E ratio of -5.32 and a beta of 0.23.
Institutional Trading of ECARX
A number of large investors have recently added to or reduced their stakes in ECX. Renaissance Technologies LLC purchased a new stake in ECARX during the fourth quarter worth about $630,000. Jane Street Group LLC purchased a new stake in ECARX during the fourth quarter worth about $364,000. Barclays PLC purchased a new stake in ECARX during the fourth quarter worth about $348,000. Virtu Financial LLC purchased a new stake in ECARX during the fourth quarter worth about $319,000. Finally, Marshall Wace LLP purchased a new stake in ECARX during the fourth quarter worth about $245,000.
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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