Fly-E Group, Inc. (NASDAQ:FLYE – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $2.23 and traded as high as $2.85. Fly-E Group shares last traded at $2.24, with a volume of 27,659,891 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Fly-E Group in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.
Fly-E Group Stock Up 4.9%
The business’s fifty day moving average is $1.89 and its two-hundred day moving average is $2.21. The stock has a market capitalization of $3.83 million, a PE ratio of -0.29 and a beta of -0.92.
Fly-E Group (NASDAQ:FLYE – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported ($2.41) earnings per share (EPS) for the quarter. The company had revenue of $2.75 million for the quarter.
Institutional Trading of Fly-E Group
An institutional investor recently bought a new position in Fly-E Group stock. Citadel Advisors LLC acquired a new position in shares of Fly-E Group, Inc. (NASDAQ:FLYE – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,702 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned about 0.90% of Fly-E Group at the end of the most recent reporting period.
About Fly-E Group
Fly-E Group, Inc is an electric mobility company that sells electric bicycles, scooters, motorcycles and related products. Its offerings include batteries, chargers, replacement parts and other accessories designed for electric two-wheelers.
The company markets its products under the FLY E-BIKE brand and serves customers through physical retail locations and online sales channels. Its operations are primarily focused on the U.S. market, with a presence in New York City and sales to customers in other areas through e-commerce.
Fly-E Group was established in 2015 and is headquartered in Brooklyn, New York.
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