Zapp Electric Vehicles Group Stock Set to Reverse Split on Tuesday, April 23rd (NASDAQ:ZAPP)

Shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) are set to reverse split on the morning of Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 23rd.

Zapp Electric Vehicles Group Stock Down 7.1 %

Shares of Zapp Electric Vehicles Group stock opened at $0.15 on Friday. Zapp Electric Vehicles Group has a one year low of $0.13 and a one year high of $10.00. The business has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.29.

Hedge Funds Weigh In On Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Geode Capital Management LLC bought a new position in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned approximately 0.06% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.