OLD Mission Capital LLC acquired a new stake in Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 90,200 shares of the company's stock, valued at approximately $122,000. OLD Mission Capital LLC owned approximately 0.08% of Electrameccanica Vehicles at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its stake in shares of Electrameccanica Vehicles by 38.2% during the 1st quarter. Baird Financial Group Inc. now owns 932,390 shares of the company's stock worth $2,023,000 after acquiring an additional 257,562 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Electrameccanica Vehicles by 13,363.5% during the 1st quarter. Bank of America Corp DE now owns 427,600 shares of the company's stock worth $928,000 after acquiring an additional 424,424 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Electrameccanica Vehicles by 34.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 399,511 shares of the company's stock worth $539,000 after acquiring an additional 102,563 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Electrameccanica Vehicles during the 1st quarter worth approximately $106,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Electrameccanica Vehicles by 45.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 46,770 shares of the company's stock worth $101,000 after acquiring an additional 14,680 shares in the last quarter. Hedge funds and other institutional investors own 10.87% of the company's stock.
Get Electrameccanica Vehicles alerts:Electrameccanica Vehicles Stock Performance
SOLO stock opened at $1.29 on Friday. Electrameccanica Vehicles Corp. has a 1 year low of $1.01 and a 1 year high of $4.02. The stock's 50 day moving average price is $1.22 and its 200 day moving average price is $1.41. The firm has a market cap of $153.01 million, a P/E ratio of -2.22 and a beta of 2.22.
Electrameccanica Vehicles (NASDAQ:SOLO – Get Rating) last posted its earnings results on Thursday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Electrameccanica Vehicles had a negative net margin of 1,613.39% and a negative return on equity of 29.25%. The company had revenue of $1.55 million during the quarter, compared to analysts' expectations of $2.60 million. On average, research analysts predict that Electrameccanica Vehicles Corp. will post -0.57 earnings per share for the current year.Electrameccanica Vehicles Profile
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Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster.
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