New Horizon Aircraft (NASDAQ:HOVRW) Shares Down 7.3% – Here’s What Happened

New Horizon Aircraft Ltd. (NASDAQ:HOVRWGet Free Report)’s share price traded down 7.3% during mid-day trading on Tuesday . The stock traded as low as $0.52 and last traded at $0.52. 89,950 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 119,820 shares. The stock had previously closed at $0.57.

New Horizon Aircraft Stock Down 7.3%

The company’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.22.

New Horizon Aircraft Company Profile

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New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.

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