ECD Automotive Design (NASDAQ:ECDA) Shares Down 4.3% – What’s Next?

ECD Automotive Design, Inc. (NASDAQ:ECDA) shares fell 4.3% during trading on Monday . The company traded as low as $0.79 and last traded at $0.75. 4,896 shares traded hands during trading, a decline of 96% from the average session volume of 132,196 shares. The stock had previously closed at $0.78.

ECD Automotive Design Price Performance

The company has a 50-day moving average of $0.85 and a 200-day moving average of $0.98.

Hedge Funds Weigh In On ECD Automotive Design

A hedge fund recently bought a new stake in ECD Automotive Design stock. Evernest Financial Advisors LLC acquired a new stake in ECD Automotive Design, Inc. (NASDAQ:ECDA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 62,599 shares of the company’s stock, valued at approximately $60,000. Evernest Financial Advisors LLC owned approximately 0.18% of ECD Automotive Design at the end of the most recent quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About ECD Automotive Design

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.