VinFast Auto Ltd. (NASDAQ:VFS – Get Free Report)’s stock price rose 4.5% during mid-day trading on Thursday . The company traded as high as $3.39 and last traded at $3.39. Approximately 219,649 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,445,230 shares. The stock had previously closed at $3.24.
VinFast Auto Stock Up 2.9 %
The business has a 50-day simple moving average of $3.94 and a two-hundred day simple moving average of $3.95. The company has a market cap of $7.80 billion, a price-to-earnings ratio of -3.03 and a beta of 0.93.
Hedge Funds Weigh In On VinFast Auto
A number of institutional investors have recently modified their holdings of the company. Tidal Investments LLC raised its position in shares of VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after purchasing an additional 18,709 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $26,000. Jump Financial LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $51,000. Walleye Trading LLC acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $46,000. Finally, Mariner LLC grew its position in shares of VinFast Auto by 84.2% in the fourth quarter. Mariner LLC now owns 24,666 shares of the company’s stock valued at $99,000 after purchasing an additional 11,277 shares during the last quarter.
About VinFast Auto
VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.
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