Commonwealth Equity Services LLC lowered its holdings in shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,924 shares of the company's stock after selling 6,969 shares during the quarter. Commonwealth Equity Services LLC's holdings in Electrameccanica Vehicles were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. raised its holdings in Electrameccanica Vehicles by 10.8% in the 4th quarter. Invesco Ltd. now owns 7,950,863 shares of the company's stock worth $18,128,000 after acquiring an additional 774,852 shares during the period. BNP Paribas Arbitrage SA bought a new position in Electrameccanica Vehicles in the 4th quarter worth $494,000. Qube Research & Technologies Ltd bought a new position in Electrameccanica Vehicles in the 4th quarter worth $359,000. Baird Financial Group Inc. raised its holdings in Electrameccanica Vehicles by 14.6% in the 4th quarter. Baird Financial Group Inc. now owns 674,828 shares of the company's stock worth $1,539,000 after acquiring an additional 85,790 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Electrameccanica Vehicles by 10.9% in the 4th quarter. Rafferty Asset Management LLC now owns 809,721 shares of the company's stock worth $1,846,000 after acquiring an additional 79,865 shares during the period. Institutional investors own 22.63% of the company's stock.
Get Electrameccanica Vehicles alerts:Electrameccanica Vehicles Price Performance
Shares of SOLO opened at $1.52 on Tuesday. The company has a market capitalization of $180.29 million, a PE ratio of -2.62 and a beta of 2.37. Electrameccanica Vehicles Corp. has a one year low of $1.22 and a one year high of $4.10. The company's fifty day moving average price is $1.48 and its 200 day moving average price is $1.71.
Electrameccanica Vehicles (NASDAQ:SOLO – Get Rating) last announced its earnings results on Thursday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $1.55 million during the quarter, compared to the consensus estimate of $2.60 million. Electrameccanica Vehicles had a negative return on equity of 29.25% and a negative net margin of 1,613.39%. Analysts anticipate that Electrameccanica Vehicles Corp. will post -0.57 earnings per share for the current year.Electrameccanica Vehicles Company Profile
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Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster.
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