Zoomcar (NASDAQ:ZCAR) Trading 19% Higher – Here’s What Happened

Shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) traded up 19% on Monday . The stock traded as high as $7.26 and last traded at $6.25. 144,061 shares were traded during mid-day trading, an increase of 233% from the average session volume of 43,272 shares. The stock had previously closed at $5.25.

Zoomcar Trading Down 7.9 %

The firm’s 50-day moving average price is $1.18 and its 200-day moving average price is $5.30.

Zoomcar (NASDAQ:ZCAR) last issued its quarterly earnings data on Friday, February 14th. The company reported ($71.20) earnings per share (EPS) for the quarter. The business had revenue of $2.45 million during the quarter.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC acquired a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.80% of Zoomcar at the end of the most recent reporting period. 3.71% of the stock is owned by institutional investors.

Zoomcar Company Profile

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.