Shares of TOYO Co., Ltd (NASDAQ:TOYO – Get Free Report) fell 3.9% during trading on Monday . The company traded as low as $2.92 and last traded at $2.93. 3,278 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 675,375 shares. The stock had previously closed at $3.05.
TOYO Stock Performance
The firm has a 50 day simple moving average of $3.03 and a two-hundred day simple moving average of $3.09.
Hedge Funds Weigh In On TOYO
Hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in TOYO during the fourth quarter valued at $37,000. Virtu Financial LLC acquired a new stake in TOYO during the fourth quarter worth approximately $56,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in TOYO during the third quarter worth approximately $141,000. 84.61% of the stock is owned by institutional investors and hedge funds.
About TOYO
TOYO Co Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain.
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