Fly-E Group (NASDAQ:FLYE) Announces Quarterly Earnings Results

Fly-E Group (NASDAQ:FLYE) released its earnings results on Thursday. The company reported ($2.18) EPS for the quarter, Zacks reports.

Fly-E Group Stock Performance

FLYE traded up $0.03 during midday trading on Thursday, reaching $6.61. 15,351 shares of the company’s stock were exchanged, compared to its average volume of 137,366. Fly-E Group has a 1-year low of $3.83 and a 1-year high of $166.00. The business’s 50-day moving average price is $8.82 and its 200 day moving average price is $43.71.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fly-E Group in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Fly-E Group currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Fly-E Group

A hedge fund recently bought a new stake in Fly-E Group stock. XTX Topco Ltd bought a new stake in shares of Fly-E Group, Inc. (NASDAQ:FLYE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.19% of Fly-E Group as of its most recent filing with the SEC.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.