19,347 Shares in Swvl Holdings Corp. (NASDAQ:SWVL) Purchased by Connective Capital Management LLC

Connective Capital Management LLC acquired a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 19,347 shares of the company’s stock, valued at approximately $123,000. Swvl makes up about 0.2% of Connective Capital Management LLC’s holdings, making the stock its 27th largest position.

Swvl Price Performance

Shares of Swvl stock opened at $2.77 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. Swvl Holdings Corp. has a fifty-two week low of $0.71 and a fifty-two week high of $21.94. The business has a 50-day moving average price of $5.51 and a 200 day moving average price of $8.31.

About Swvl

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.