TOYO Co., Ltd (NASDAQ:TOYO – Get Free Report)’s share price dropped 3.9% on Monday . The company traded as low as $2.92 and last traded at $2.93. Approximately 3,278 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 675,375 shares. The stock had previously closed at $3.05.
TOYO Trading Down 3.9 %
The stock has a fifty day simple moving average of $3.04 and a 200-day simple moving average of $3.09.
Institutional Investors Weigh In On TOYO
Several institutional investors have recently added to or reduced their stakes in TOYO. XTX Topco Ltd acquired a new position in shares of TOYO in the 4th quarter valued at $37,000. Virtu Financial LLC purchased a new stake in TOYO in the fourth quarter valued at $56,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in TOYO in the third quarter valued at $141,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.
About TOYO
TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain.
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