Ayro, Inc. (NASDAQ:AYRO)’s share price dropped 13% during mid-day trading on Tuesday . The stock traded as low as $5.76 and last traded at $6.78. Approximately 5,906,920 shares were traded during trading, a decline of 5% from the average daily volume of 6,249,724 shares. The stock had previously closed at $7.79.
The company has a debt-to-equity ratio of 0.01, a quick ratio of 16.56 and a current ratio of 17.40. The company’s 50-day simple moving average is $7.50 and its 200-day simple moving average is $5.08.
Several large investors have recently modified their holdings of the company. Samalin Investment Counsel LLC boosted its holdings in shares of Ayro by 1,400.0% in the fourth quarter. Samalin Investment Counsel LLC now owns 4,500 shares of the company’s stock valued at $27,000 after acquiring an additional 4,200 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ayro in the fourth quarter valued at about $84,000. Northern Trust Corp boosted its holdings in shares of Ayro by 97.9% in the fourth quarter. Northern Trust Corp now owns 28,156 shares of the company’s stock valued at $171,000 after acquiring an additional 13,926 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in shares of Ayro in the third quarter valued at about $89,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Ayro in the third quarter valued at about $129,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.
Ayro, Inc designs and manufactures light-duty, emissions-free electric vehicles for urban and community transport, local delivery, closed campus mobility, recreational, and government use. It offers AYRO 311, a 3-wheeled vehicle for professional and personal use; Club Car 411 for low-speed logistics and cargo services for campus; and AYRO 511 4Ã4 concepts.
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