Fly-E Group (NASDAQ:FLYE) Issues Quarterly Earnings Results

Fly-E Group (NASDAQ:FLYE) released its earnings results on Thursday. The company reported ($2.18) earnings per share (EPS) for the quarter, Zacks reports.

Fly-E Group Stock Performance

FLYE traded up $0.03 during trading on Thursday, reaching $6.61. The company had a trading volume of 15,352 shares, compared to its average volume of 137,366. Fly-E Group has a 12 month low of $3.83 and a 12 month high of $166.00. The business’s fifty day moving average price is $8.82 and its 200 day moving average price is $43.71.

Institutional Trading of Fly-E Group

An institutional investor recently bought a new position in Fly-E Group stock. XTX Topco Ltd acquired a new position in shares of Fly-E Group, Inc. (NASDAQ:FLYE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,204 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned 0.19% of Fly-E Group at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fly-E Group in a research note on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Fly-E Group

Fly-E Group, Inc engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes.