Virtu Financial LLC Takes Position in ECARX Holdings Inc. (NASDAQ:ECX)

Virtu Financial LLC bought a new position in ECARX Holdings Inc. (NASDAQ:ECX) during the fourth quarter, Holdings Channel.com reports. The fund bought 151,150 shares of the company’s stock, valued at approximately $319,000.

Separately, Green Alpha Advisors LLC acquired a new position in shares of ECARX in the 4th quarter valued at $167,000.

Wall Street Analysts Forecast Growth

Separately, UBS Group began coverage on ECARX in a report on Tuesday, February 11th. They set a “buy” rating and a $3.20 price objective on the stock.

ECARX Stock Performance

Shares of NASDAQ:ECX opened at $2.26 on Friday. The firm has a 50 day simple moving average of $2.19 and a 200 day simple moving average of $1.97. ECARX Holdings Inc. has a 52 week low of $0.96 and a 52 week high of $3.25. The company has a market cap of $763.77 million, a PE ratio of -4.52 and a beta of 0.23.

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.