Bank of New York Mellon Corp Makes New $59,000 Investment in Roadzen, Inc. (NASDAQ:RDZN)

Bank of New York Mellon Corp acquired a new position in Roadzen, Inc. (NASDAQ:RDZN) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 26,801 shares of the company’s stock, valued at approximately $59,000.

Roadzen Price Performance

RDZN stock opened at $1.27 on Friday. Roadzen, Inc. has a 1-year low of $1.20 and a 1-year high of $7.17. The stock’s fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $3.18.

Roadzen (NASDAQ:RDZN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.46) EPS for the quarter. Roadzen had a negative net margin of 287.82% and a negative return on equity of 31,166.20%. The firm had revenue of $8.93 million for the quarter.

Roadzen Profile

Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.