Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 6.8%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price dropped 6.8% during trading on Monday . The stock traded as low as $0.33 and last traded at $0.33. Approximately 15,228,964 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 106,155,258 shares. The stock had previously closed at $0.36.

Faraday Future Intelligent Electric Stock Down 12.6 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35. The firm’s 50-day moving average is $0.58 and its 200 day moving average is $0.35. The firm has a market capitalization of $137.09 million, a PE ratio of 0.00 and a beta of 5.74.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

Institutional investors and hedge funds have recently made changes to their positions in the business. MCF Advisors LLC boosted its position in shares of Faraday Future Intelligent Electric by 13,329.8% in the 4th quarter. MCF Advisors LLC now owns 503,750 shares of the company’s stock worth $116,000 after buying an additional 499,999 shares in the last quarter. Busey Bank purchased a new position in Faraday Future Intelligent Electric in the 2nd quarter valued at about $252,000. Finally, SG Americas Securities LLC purchased a new position in Faraday Future Intelligent Electric in the 2nd quarter valued at about $420,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.