Ryde Group Ltd. (NYSEAMERICAN:RYDE – Get Free Report)’s share price traded down 2.6% during mid-day trading on Thursday. The company traded as low as $0.7372 and last traded at $0.7499. 181,815 shares were traded during mid-day trading, a decline of 75% from the average session volume of 739,138 shares. The stock had previously closed at $0.77.
Ryde Group Stock Down 6.6%
The firm’s fifty day moving average price is $0.73 and its 200 day moving average price is $0.82.
Ryde Group Company Profile
Ryde Group Limited is a Singapore-based technology company that operates a mobility platform through its Ryde brand. The company connects passengers with drivers through ride-hailing and carpooling services, with the aim of providing convenient and flexible transportation options.
Its platform also supports related services, including taxi and private-hire vehicle bookings and on-demand delivery solutions. The company’s offerings are delivered primarily through mobile applications that allow users to request rides, arrange transportation and access other mobility services.
Ryde traces its origins to Singapore, where it was established as a carpooling platform in 2014.
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