Electrameccanica Vehicles (NASDAQ:SOLO) Stock Price Down 2%

Electrameccanica Vehicles Corp. (NASDAQ:SOLOGet Free Report) shares were down 2% on Friday . The company traded as low as $0.25 and last traded at $0.26. Approximately 186,583 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 523,733 shares. The stock had previously closed at $0.26.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price target on shares of Electrameccanica Vehicles from $0.50 to $0.40 and set a “neutral” rating on the stock in a report on Friday, January 12th.

Read Our Latest Report on Electrameccanica Vehicles

Electrameccanica Vehicles Stock Down 2.0 %

The business’s fifty day simple moving average is $0.29 and its 200-day simple moving average is $0.46.

Institutional Trading of Electrameccanica Vehicles

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its stake in shares of Electrameccanica Vehicles by 48.1% in the 3rd quarter. Baird Financial Group Inc. now owns 1,268,448 shares of the company’s stock worth $1,548,000 after buying an additional 412,198 shares in the last quarter. Millennium Management LLC grew its stake in shares of Electrameccanica Vehicles by 2,274.9% in the 2nd quarter. Millennium Management LLC now owns 1,116,375 shares of the company’s stock worth $1,507,000 after buying an additional 1,069,368 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Electrameccanica Vehicles by 13,406.6% in the 4th quarter. Royal Bank of Canada now owns 1,007,459 shares of the company’s stock worth $338,000 after buying an additional 1,000,000 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Electrameccanica Vehicles by 137.8% in the 4th quarter. Deutsche Bank AG now owns 898,145 shares of the company’s stock worth $542,000 after buying an additional 520,480 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Electrameccanica Vehicles by 52.2% in the 4th quarter. Morgan Stanley now owns 500,347 shares of the company’s stock worth $302,000 after buying an additional 171,559 shares in the last quarter. 1.99% of the stock is currently owned by institutional investors.

Electrameccanica Vehicles Company Profile

(Get Free Report)

Electrameccanica Vehicles Corp. develops, manufactures, and sells electric vehicles in the United States and Canada. Its flagship product is the SOLO, a single seat vehicle. The company is also developing four-wheeled eRoadster and Tofino. In addition, it provides services, repairs, and support services, as well as sale of parts and custom built vehicles.

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