Ayro (NASDAQ:AYRO) Trading Down 8.5% – Should You Sell?

Ayro, Inc. (NASDAQ:AYRO) shares dropped 8.5% on Monday . The stock traded as low as $0.50 and last traded at $0.52. Approximately 126,980 shares traded hands during trading, a decline of 40% from the average daily volume of 212,102 shares. The stock had previously closed at $0.57.

Ayro Stock Down 8.5 %

The stock has a market capitalization of $3.52 million, a P/E ratio of -0.12 and a beta of 3.39. The business’s 50 day simple moving average is $0.65 and its two-hundred day simple moving average is $0.73.

Hedge Funds Weigh In On Ayro

An institutional investor recently bought a new position in Ayro stock. Virtu Financial LLC acquired a new position in Ayro, Inc. (NASDAQ:AYRO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 104,895 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned about 1.55% of Ayro as of its most recent SEC filing. Hedge funds and other institutional investors own 5.65% of the company’s stock.

Ayro Company Profile

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.