VinFast Auto (NASDAQ:VFS) Shares Down 6.8% – What’s Next?

VinFast Auto Ltd. (NASDAQ:VFS) shares traded down 6.8% during trading on Wednesday . The stock traded as low as $3.24 and last traded at $3.30. 1,201,123 shares traded hands during trading, a decline of 17% from the average session volume of 1,448,238 shares. The stock had previously closed at $3.54.

VinFast Auto Trading Down 8.5 %

The firm has a market capitalization of $7.58 billion, a P/E ratio of -2.95 and a beta of 0.93. The stock has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.95.

Institutional Trading of VinFast Auto

Hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VinFast Auto in the 4th quarter valued at about $29,000. Tidal Investments LLC raised its stake in VinFast Auto by 30.0% in the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after buying an additional 39,787 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in VinFast Auto during the third quarter worth $44,000. XTX Topco Ltd bought a new stake in VinFast Auto during the 3rd quarter valued at $48,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of VinFast Auto in the 4th quarter valued at $26,000.

VinFast Auto Company Profile

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.