Swvl (NASDAQ:SWVL) Trading 5% Higher

Swvl Holdings Corp. (NASDAQ:SWVL)’s stock price rose 5% during trading on Thursday . The company traded as high as $5.94 and last traded at $5.93. Approximately 6,534 shares were traded during trading, a decline of 94% from the average daily volume of 111,828 shares. The stock had previously closed at $5.65.

Swvl Stock Down 4.4 %

The business’s 50-day moving average is $6.33 and its two-hundred day moving average is $8.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Swvl stock. Connective Capital Management LLC acquired a new position in Swvl Holdings Corp. (NASDAQ:SWVL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl accounts for 0.2% of Connective Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Connective Capital Management LLC owned about 0.28% of Swvl at the end of the most recent reporting period. 34.03% of the stock is currently owned by institutional investors and hedge funds.

About Swvl

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.