Zoomcar (NASDAQ:ZCAR) Trading Down 6.6%

Shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) fell 6.6% during mid-day trading on Friday . The company traded as low as $0.13 and last traded at $0.13. 1,061,140 shares traded hands during trading, a decline of 83% from the average session volume of 6,141,324 shares. The stock had previously closed at $0.13.

Zoomcar Price Performance

The firm has a fifty day simple moving average of $0.14 and a 200 day simple moving average of $0.41.

Zoomcar (NASDAQ:ZCAR) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $2.24 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Zoomcar stock. Clear Street LLC bought a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned about 0.07% of Zoomcar at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.71% of the company’s stock.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.