LiveWire Group (NYSE:LVWR) Shares Gap Down to $6.15

LiveWire Group, Inc. (NYSE:LVWR) gapped down prior to trading on Friday . The stock had previously closed at $6.15, but opened at $6.00. LiveWire Group shares last traded at $6.09, with a volume of 12,140 shares trading hands.

LiveWire Group Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -9.95 and a beta of 0.96. The firm’s 50 day simple moving average is $7.01 and its 200-day simple moving average is $7.17.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.12) earnings per share (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 company had revenue of $6.45 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp grew its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 47,209 shares of the company’s stock after buying 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 reporting period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.