Arcimoto (NASDAQ:FUV) Stock Price Down 1.3%

Arcimoto, Inc. (NASDAQ:FUV) shares fell 1.3% during trading on Friday . The company traded as low as $0.45 and last traded at $0.45. 48,940 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 63,740 shares. The stock had previously closed at $0.46.

Arcimoto Stock Down 1.3 %

The firm’s 50-day moving average price is $0.55 and its two-hundred day moving average price is $0.68. The company has a current ratio of 0.46, a quick ratio of 0.09 and a debt-to-equity ratio of 0.86.

Arcimoto (NASDAQ:FUV) last posted its earnings results on Monday, February 12th. The company reported ($1.58) earnings per share for the quarter. The firm had revenue of $1.11 million during the quarter. Arcimoto had a negative net margin of 751.99% and a negative return on equity of 222.57%.

Institutional Trading of Arcimoto

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new position in Arcimoto in the 2nd quarter valued at $954,000. Renaissance Technologies LLC acquired a new position in shares of Arcimoto during the second quarter worth about $47,000. Geode Capital Management LLC lifted its position in Arcimoto by 242.7% in the second quarter. Geode Capital Management LLC now owns 56,662 shares of the company’s stock valued at $83,000 after purchasing an additional 40,127 shares during the period. Sabby Management LLC purchased a new stake in Arcimoto in the 1st quarter valued at approximately $350,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Arcimoto during the 1st quarter worth approximately $38,000. 13.31% of the stock is owned by hedge funds and other institutional investors.

About Arcimoto

Arcimoto, Inc designs, develops, manufactures, sells, and rents three-wheeled electric vehicles in the United States. Its flagship product is the Fun Utility Vehicle (FUV) use for everyday consumer trips. The company also provides Deliverator, an electric last-mile delivery solution to get goods where they need to go; TRiO, a bolt on kit that converts a two wheeled motorcycle into a tilting three wheeled motorcycle; and Arcimoto Flatbed, a prototype that eschews the rear seat.