LiveWire Group (NYSE:LVWR) Shares Gap Down – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.25, but opened at $6.08. LiveWire Group shares last traded at $6.08, with a volume of 1,135 shares trading hands.

LiveWire Group Stock Up 2.2 %

The business’s fifty day moving average is $6.22 and its 200 day moving average is $6.69. The stock has a market cap of $1.30 billion, a PE ratio of -12.25 and a beta of 0.95.

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

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp boosted its position in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the Securities and Exchange Commission. 0.88% of the stock is 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.