VinFast Auto (NASDAQ:VFS - Get Free Report) was downgraded by research analysts at BTIG Research from a "buy" rating to a "neutral" rating in a research note issued on Friday, Marketbeat Ratings reports.
Separately, Chardan Capital raised shares of VinFast Auto to a "strong-buy" rating in a report on Monday, March 24th.
Get Our Latest Stock Report on VinFast Auto
VinFast Auto Price Performance
Shares of VFS stock traded down $0.08 on Friday, hitting $3.24. 722,716 shares of the stock traded hands, compared to its average volume of 1,193,396. The company's fifty day moving average is $3.25 and its 200 day moving average is $3.78. VinFast Auto has a 1-year low of $2.55 and a 1-year high of $6.42. The company has a market capitalization of $7.58 billion, a PE ratio of -2.95 and a beta of 0.98.
Hedge Funds Weigh In On VinFast Auto
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in VinFast Auto in the 4th quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of VinFast Auto during the fourth quarter worth approximately $29,000. Walleye Trading LLC bought a new position in VinFast Auto in the 4th quarter worth approximately $46,000. Jump Financial LLC acquired a new stake in VinFast Auto in the 4th quarter valued at approximately $51,000. Finally, Mariner LLC raised its stake in VinFast Auto by 84.2% during the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock valued at $99,000 after acquiring an additional 11,277 shares in the last quarter.
VinFast Auto Company Profile
(
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VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.
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