Dropcar (NASDAQ:DCAR) Trading 8.1% Higher
Shares of Dropcar Inc (NASDAQ:DCAR) traded up 8.1% during mid-day trading on Thursday . The company traded as high as $0.68 and last traded at $0.67, 427,800 shares traded hands during trading. An increase of 43% from the average session volume of 299,454 shares. The stock had previously closed at $0.62.
Separately, ValuEngine lowered shares of Dropcar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.
The stock’s 50-day moving average price is $0.63 and its 200-day moving average price is $0.96.
DropCar, Inc provides app-based automotive logistics and mobility services for consumers and the automotive industry. The company offers Vehicle Support Platform, a cloud-based platform and mobile app that help consumers and automotive-related companies in reducing the cost, hassles, and inefficiencies of owning a car or fleet of cars in urban centers.
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