ECARX (NASDAQ:ECX) Stock Price Down 3.6% - Here's Why

ECARX Holdings Inc. (NASDAQ:ECX - Get Free Report)'s stock price traded down 3.6% during mid-day trading on Wednesday . The company traded as low as $1.86 and last traded at $1.86. 2,969 shares traded hands during trading, a decline of 97% from the average session volume of 111,977 shares. The stock had previously closed at $1.93.

ECARX Price Performance

The business has a fifty day moving average of $1.76 and a 200-day moving average of $1.65. The stock has a market capitalization of $621.83 million, a price-to-earnings ratio of -4.38 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. As a group, research analysts anticipate that ECARX Holdings Inc. will post -0.27 EPS for the current year.

ECARX Company Profile

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.