ECARX (NASDAQ:ECX) Trading Down 7.2%

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report) shares dropped 7.2% on Wednesday . The company traded as low as $1.80 and last traded at $1.80. Approximately 29,717 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 114,109 shares. The stock had previously closed at $1.94.

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ECARX Stock Up 1.0 %

The business's 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $1.65. The firm has a market cap of $662.38 million, a price-to-earnings ratio of -4.67 and a beta of 0.32.

ECARX (NASDAQ:ECX - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $173.00 million during the quarter. On average, analysts expect that ECARX Holdings Inc. will post -0.27 earnings per share for the current year.

ECARX Company Profile

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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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