LiveWire Group (NYSE:LVWR) Trading Down 4.6% – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) was down 4.6% during trading on Monday . The stock traded as low as $6.23 and last traded at $6.23. Approximately 4,384 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 25,961 shares. The stock had previously closed at $6.53.

LiveWire Group Stock Performance

The stock has a 50-day moving average price of $6.18 and a two-hundred day moving average price of $6.67. The stock has a market capitalization of $1.22 billion, a PE ratio of -11.75 and a beta of 0.95.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $4.45 million for the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC boosted its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent quarter. 0.88% of the stock is currently owned by institutional investors.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.