Fly-E Group (NASDAQ:FLYE) Posts Quarterly Earnings Results

Fly-E Group (NASDAQ:FLYE) posted its earnings results on Thursday. The company reported ($2.18) earnings per share for the quarter, Zacks reports.

Fly-E Group Stock Up 0.5%

FLYE traded up $0.03 on Thursday, hitting $6.61. 15,351 shares of the company traded hands, compared to its average volume of 137,366. The company has a 50 day moving average of $8.82 and a 200-day moving average of $43.71. Fly-E Group has a 12-month low of $3.83 and a 12-month high of $166.00.

Institutional Investors Weigh In On Fly-E Group

An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd acquired a new stake in Fly-E Group, Inc. (NASDAQ:FLYE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned approximately 0.19% of Fly-E Group at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fly-E Group in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Fly-E Group Company Profile

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.