Vontobel Holding Ltd. lessened its position in shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating) by 21.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,408 shares of the company's stock after selling 44,988 shares during the period. Vontobel Holding Ltd. owned 0.14% of Electrameccanica Vehicles worth $199,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of SOLO. Baird Financial Group Inc. increased its stake in Electrameccanica Vehicles by 38.2% in the first quarter. Baird Financial Group Inc. now owns 932,390 shares of the company's stock valued at $2,023,000 after purchasing an additional 257,562 shares in the last quarter. Millennium Management LLC increased its stake in Electrameccanica Vehicles by 2,274.9% in the second quarter. Millennium Management LLC now owns 1,116,375 shares of the company's stock valued at $1,507,000 after purchasing an additional 1,069,368 shares in the last quarter. Bank of America Corp DE increased its stake in Electrameccanica Vehicles by 13,363.5% in the first quarter. Bank of America Corp DE now owns 427,600 shares of the company's stock valued at $928,000 after purchasing an additional 424,424 shares in the last quarter. ExodusPoint Capital Management LP increased its stake in Electrameccanica Vehicles by 635.3% in the second quarter. ExodusPoint Capital Management LP now owns 82,097 shares of the company's stock valued at $111,000 after purchasing an additional 70,932 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Electrameccanica Vehicles in the first quarter valued at $106,000. Institutional investors own 8.93% of the company's stock.Get Electrameccanica Vehicles alerts:
Electrameccanica Vehicles Trading Down 2.7 %
SOLO opened at $1.08 on Friday. Electrameccanica Vehicles Corp. has a 1-year low of $0.57 and a 1-year high of $2.44. The company has a market cap of $128.10 million, a P/E ratio of -1.66 and a beta of 2.61. The company has a fifty day moving average price of $0.91 and a two-hundred day moving average price of $1.19.Electrameccanica Vehicles (NASDAQ:SOLO – Get Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.04). Electrameccanica Vehicles had a negative net margin of 1,382.81% and a negative return on equity of 35.37%. The company had revenue of $1.44 million during the quarter, compared to the consensus estimate of $2.00 million. On average, research analysts forecast that Electrameccanica Vehicles Corp. will post -0.57 EPS for the current fiscal year.
Electrameccanica Vehicles Profile
Electrameccanica Vehicles Corp engages in the development and manufacture of electric vehicles. It operates through the Electric Vehicles and Custom Build Vehicles segments. The Electric Vehicles segment develops and manufactures electric vehicles for mass markets. The Custom Build Vehicles segment offers custom-built vehicles.
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