Vroom (NASDAQ:VRM) Trading Down 2.5% – Here’s What Happened

Vroom, Inc. (NASDAQ:VRMGet Free Report)’s stock price traded down 2.5% on Friday . The stock traded as low as $8.96 and last traded at $9.01. 29,268 shares changed hands during trading, a decline of 65% from the average session volume of 82,750 shares. The stock had previously closed at $9.24.

Vroom Trading Down 2.5 %

The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 18.42. The firm has a market capitalization of $16.30 million, a price-to-earnings ratio of -0.04 and a beta of 1.90. The firm’s 50 day moving average is $8.27 and its 200 day moving average is $9.65.

Vroom (NASDAQ:VRMGet Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($10.61) earnings per share for the quarter. Vroom had a negative return on equity of 237.47% and a negative net margin of 54.48%. The company had revenue of $51.86 million during the quarter.

Vroom Company Profile

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Vroom, Inc operates as an automotive finance company. The company offers vehicle financing to its customers through third party dealers under the UACC brand. It also provides artificial intelligence powered analytics and digital services to dealers, automotive financial services companies, and others in the automotive industry for automotive retail.

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