Ayro (NASDAQ:AYRO) Trading Down 4.4%

Ayro, Inc. (NASDAQ:AYRO – Get Rating) shares traded down 4.4% during mid-day trading on Wednesday . The company traded as low as $0.57 and last traded at $0.58. 31,079 shares were traded during trading, a decline of 74% from the average session volume of 118,548 shares. The stock had previously closed at $0.61.

Ayro Stock Performance

The stock’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.58.

Ayro (NASDAQ:AYRO – Get Rating) last issued its quarterly earnings results on Thursday, March 23rd. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $0.61 million during the quarter. Ayro had a negative return on equity of 43.11% and a negative net margin of 1,147.47%. As a group, sell-side analysts anticipate that Ayro, Inc. will post -0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ayro

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Ayro in the 1st quarter worth about $32,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Ayro in the 1st quarter worth about $34,000. Millennium Management LLC boosted its holdings in shares of Ayro by 48.9% in the 4th quarter. Millennium Management LLC now owns 218,785 shares of the company’s stock worth $84,000 after buying an additional 71,831 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Ayro by 287.3% during the first quarter. Bank of New York Mellon Corp now owns 506,941 shares of the company’s stock valued at $649,000 after purchasing an additional 376,042 shares during the last quarter. 9.45% of the stock is owned by hedge funds and other institutional investors.

About Ayro

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AYRO, Inc engages in the design, development, manufacture, and sale of compact electric fleet solutions for use within urban and short-haul markets. It offers the AYRO 311 and Club Car 411 models. The company was founded on May 19, 2016 and is headquartered in Round Rock, TX.