ECARX (NASDAQ:ECX) Shares Down 6.8%

ECARX Holdings Inc. (NASDAQ:ECX) shares were down 6.8% on Tuesday . The stock traded as low as $1.55 and last traded at $1.57. Approximately 21,788 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 84,928 shares. The stock had previously closed at $1.68.

ECARX Price Performance

The firm’s 50 day moving average price is $2.27 and its two-hundred day moving average price is $2.78.

ECARX (NASDAQ:ECX) last posted its earnings results on Wednesday, February 28th. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $263.10 million for the quarter. As a group, equities research analysts expect that ECARX Holdings Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On ECARX

Several hedge funds have recently bought and sold shares of ECX. Altshuler Shaham Ltd purchased a new position in ECARX during the fourth quarter valued at approximately $59,000. Northern Trust Corp purchased a new position in ECARX during the fourth quarter valued at approximately $161,000. Geode Capital Management LLC purchased a new position in ECARX during the fourth quarter valued at approximately $344,000. Schonfeld Strategic Advisors LLC purchased a new position in ECARX during the third quarter valued at approximately $51,000. Finally, Goldman Sachs Group Inc. purchased a new position in ECARX during the second quarter valued at approximately $102,000.

About ECARX

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.