ECARX (NASDAQ:ECX) Shares Gap Up to $1.60

ECARX Holdings Inc. (NASDAQ:ECX) gapped up before the market opened on Thursday . The stock had previously closed at $1.60, but opened at $1.65. ECARX shares last traded at $1.65, with a volume of 379 shares.

ECARX Trading Up 1.9 %

The company has a fifty day simple moving average of $2.23 and a two-hundred day simple moving average of $2.76.

ECARX (NASDAQ:ECX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $263.10 million during the quarter. As a group, equities analysts expect that ECARX Holdings Inc. will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On ECARX

Several large investors have recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in ECARX during the 4th quarter worth about $59,000. Invesco Ltd. increased its holdings in shares of ECARX by 2.6% in the 3rd quarter. Invesco Ltd. now owns 270,982 shares of the company’s stock valued at $840,000 after acquiring an additional 6,793 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of ECARX by 38.7% in the 2nd quarter. Geode Capital Management LLC now owns 100,990 shares of the company’s stock valued at $703,000 after acquiring an additional 28,184 shares during the last quarter. Northern Trust Corp purchased a new position in shares of ECARX in the 4th quarter valued at about $161,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of ECARX in the 3rd quarter valued at about $51,000.

ECARX Company Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.