Ayro (NASDAQ:AYRO) Stock Price Down 4.4%

Ayro, Inc. (NASDAQ:AYRO – Get Rating) shares dropped 4.4% during trading on Wednesday . The stock traded as low as $0.57 and last traded at $0.58. Approximately 31,079 shares changed hands during trading, a decline of 74% from the average daily volume of 118,548 shares. The stock had previously closed at $0.61.

Ayro Trading Down 7.6 %

The company’s fifty day moving average is $0.56 and its 200 day moving average is $0.58.

Ayro (NASDAQ:AYRO – Get Rating) last announced its quarterly earnings results on Thursday, March 23rd. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.61 million during the quarter. Ayro had a negative net margin of 1,147.47% and a negative return on equity of 43.11%. Analysts forecast that Ayro, Inc. will post -0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Ayro

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Ayro in the first quarter valued at about $32,000. Charles Schwab Investment Management Inc. bought a new position in shares of Ayro in the first quarter valued at about $34,000. Millennium Management LLC raised its position in shares of Ayro by 48.9% in the fourth quarter. Millennium Management LLC now owns 218,785 shares of the company’s stock valued at $84,000 after purchasing an additional 71,831 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Ayro by 287.3% in 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 period. 9.45% of the stock is owned by institutional investors.

Ayro Company Profile

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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.