VinFast Auto (NASDAQ:VFS) Stock Price Down 3.7% – Here’s Why

VinFast Auto Ltd. (NASDAQ:VFS) shares were down 3.7% during trading on Thursday . The stock traded as low as $3.39 and last traded at $3.36. Approximately 58,417 shares changed hands during trading, a decline of 96% from the average daily volume of 1,400,665 shares. The stock had previously closed at $3.49.

VinFast Auto Trading Up 3.6 %

The firm has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $3.91. The firm has a market capitalization of $8.05 billion, a PE ratio of -3.13 and a beta of 0.93.

Hedge Funds Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently modified their holdings of VFS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of VinFast Auto in the 4th quarter worth $600,000. Tidal Investments LLC raised its holdings in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after purchasing an additional 39,787 shares during the period. SBI Securities Co. Ltd. bought a new position in VinFast Auto in the 4th quarter worth $153,000. Jump Financial LLC bought a new position in VinFast Auto in the 4th quarter worth $51,000. Finally, XTX Topco Ltd bought a new position in VinFast Auto in the 3rd quarter worth $48,000.

VinFast Auto Company Profile

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.