Ayro (NASDAQ:AYRO) Stock Price Down 8.5% – Here’s Why

Ayro, Inc. (NASDAQ:AYRO)’s stock price fell 8.5% during mid-day trading on Monday . The company traded as low as $0.50 and last traded at $0.52. 126,980 shares were traded during mid-day trading, a decline of 40% from the average session volume of 212,102 shares. The stock had previously closed at $0.57.

Ayro Trading Down 8.5 %

The firm has a 50-day moving average of $0.65 and a 200 day moving average of $0.73. The company has a market cap of $3.52 million, a P/E ratio of -0.12 and a beta of 3.39.

Institutional Trading of Ayro

An institutional investor recently bought a new position in Ayro stock. Virtu Financial LLC purchased a new stake in Ayro, Inc. (NASDAQ:AYRO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned approximately 1.55% of Ayro at the end of the most recent quarter. Institutional investors own 5.65% of the company’s stock.

About Ayro

Ayro, Inc designs, manufactures, and sells electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use in the United States. It provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers.