Virtu Financial LLC Purchases New Shares in Phoenix Motor Inc. (NASDAQ:PEV)

Virtu Financial LLC acquired a new position in Phoenix Motor Inc. (NASDAQ:PEV) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 102,532 shares of the company’s stock, valued at approximately $31,000.

Phoenix Motor Trading Up 4.8 %

PEV opened at $0.36 on Wednesday. The stock has a market capitalization of $16.78 million, a price-to-earnings ratio of -1.11 and a beta of 1.17. The company has a quick ratio of 0.49, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. Phoenix Motor Inc. has a twelve month low of $0.20 and a twelve month high of $1.39. The company has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.40.

Phoenix Motor Profile

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.