Roadzen, Inc. (NASDAQ:RDZN - Get Free Report)'s stock price traded down 5.3% on Tuesday . The company traded as low as $1.03 and last traded at $1.07. 91,244 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 714,313 shares. The stock had previously closed at $1.13.
Roadzen Stock Performance
The stock has a 50 day moving average of $1.24 and a two-hundred day moving average of $1.32. The stock has a market cap of $71.62 million, a PE ratio of -0.64 and a beta of 0.24.
Roadzen (NASDAQ:RDZN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.04) EPS for the quarter.
Institutional Trading of Roadzen
Hedge funds have recently made changes to their positions in the stock. Nuveen Asset Management LLC bought a new position in Roadzen during the fourth quarter valued at approximately $107,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Roadzen by 150.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,848 shares of the company's stock worth $45,000 after purchasing an additional 12,530 shares during the last quarter. Bank of America Corp DE boosted its position in Roadzen by 263.3% during the fourth quarter. Bank of America Corp DE now owns 30,238 shares of the company's stock worth $66,000 after purchasing an additional 21,915 shares during the period. Jane Street Group LLC acquired a new position in Roadzen during the fourth quarter valued at approximately $39,000. Finally, Northern Trust Corp raised its position in shares of Roadzen by 132.2% in the fourth quarter. Northern Trust Corp now owns 221,184 shares of the company's stock valued at $482,000 after purchasing an additional 125,933 shares during the period. 24.73% of the stock is owned by hedge funds and other institutional investors.
About Roadzen
(
Get Free Report)
Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.
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