Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Down 0.6%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price fell 0.6% on Wednesday . The company traded as low as $0.41 and last traded at $0.43. 33,192,645 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 112,775,984 shares. The stock had previously closed at $0.43.

Faraday Future Intelligent Electric Price Performance

The business has a fifty day simple moving average of $0.53 and a 200 day simple moving average of $0.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22.

Institutional Trading of Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after buying an additional 499,999 shares during the period. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. Institutional investors own 71.74% of the company’s stock.

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.