Arcimoto (FUV) Cut to “Hold” at ValuEngine
FUV has been the subject of a number of other reports. Chardan Capital set a $10.00 target price on Arcimoto and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Roth Capital increased their target price on Arcimoto from $9.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday, February 15th.
Shares of FUV stock opened at $3.00 on Wednesday. The company has a market cap of $48.25 million, a PE ratio of -4.29 and a beta of -0.39. Arcimoto has a 12-month low of $1.55 and a 12-month high of $7.35. The company has a quick ratio of 1.49, a current ratio of 2.03 and a debt-to-equity ratio of 0.16.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUV. Northern Trust Corp purchased a new position in Arcimoto in the 1st quarter valued at approximately $106,000. Vanguard Group Inc increased its stake in Arcimoto by 85.6% in the 3rd quarter. Vanguard Group Inc now owns 35,315 shares of the company’s stock valued at $131,000 after purchasing an additional 16,285 shares in the last quarter. Virtu Financial LLC purchased a new position in Arcimoto in the 1st quarter valued at approximately $72,000. Finally, Spark Investment Management LLC purchased a new position in Arcimoto in the 1st quarter valued at approximately $66,000. 1.28% of the stock is owned by hedge funds and other institutional investors.
Arcimoto Company Profile
Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.
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