ECD Automotive Design (NASDAQ:ECDA) Trading Down 4.3% – Here’s Why

ECD Automotive Design, Inc. (NASDAQ:ECDA)’s share price traded down 4.3% during mid-day trading on Monday . The company traded as low as $0.79 and last traded at $0.75. 4,896 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 132,196 shares. The stock had previously closed at $0.78.

ECD Automotive Design Stock Performance

The firm’s 50 day moving average is $0.84 and its 200 day moving average is $0.98.

Institutional Trading of ECD Automotive Design

A hedge fund recently bought a new stake in ECD Automotive Design stock. Evernest Financial Advisors LLC purchased a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 62,599 shares of the company’s stock, valued at approximately $60,000. Evernest Financial Advisors LLC owned about 0.18% of ECD Automotive Design as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 94.81% of the company’s stock.

ECD Automotive Design Company Profile

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.