Phoenix Motor (NASDAQ:PEV) Trading Up 0.3% – Still a Buy?

Phoenix Motor Inc. (NASDAQ:PEV)’s share price rose 0.3% during mid-day trading on Thursday . The company traded as high as $0.28 and last traded at $0.27. Approximately 1,866,327 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 4,338,090 shares. The stock had previously closed at $0.27.

Phoenix Motor Stock Up 0.3%

The business’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.32. The firm has a market capitalization of $12.46 million, a PE ratio of -0.82 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.49 and a current ratio of 2.19.

Institutional Investors Weigh In On Phoenix Motor

A hedge fund recently bought a new stake in Phoenix Motor stock. Jane Street Group LLC bought a new position in shares of Phoenix Motor Inc. (NASDAQ:PEV) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 160,167 shares of the company’s stock, valued at approximately $56,000. Jane Street Group LLC owned 0.35% of Phoenix Motor as of its most recent SEC filing. Institutional investors own 8.90% of the company’s stock.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.