LiveWire Group (NYSE:LVWR) Shares Down 6.2%

Shares of LiveWire Group, Inc. (NYSE:LVWR) traded down 6.2% on Wednesday . The stock traded as low as $5.90 and last traded at $5.92. 8,803 shares changed hands during trading, a decline of 68% from the average session volume of 27,206 shares. The stock had previously closed at $6.31.

LiveWire Group Stock Performance

The firm has a market capitalization of $1.23 billion, a PE ratio of -10.98 and a beta of 0.96. The company’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $6.92.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.03. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%. The firm had revenue of $6.45 million for the quarter.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp increased its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent quarter. 0.88% of the stock is owned by institutional investors.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.