Vivopower International (NASDAQ:VVPR) Stock Jumps 6.7% – Here’s Why

Vivopower International Plc (NASDAQ:VVPR) shares rose 6.7% during trading on Monday. The company traded as high as $3.44 and last traded at $3.36. Approximately 580,085 shares were traded during mid-day trading, a decline of 41% from the average session volume of 983,419 shares. The stock had previously closed at $3.15.

Vivopower International Stock Down 2.1%

The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The business has a 50 day simple moving average of $3.96 and a two-hundred day simple moving average of $3.97.

Institutional Trading of Vivopower International

Hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI acquired a new stake in Vivopower International in the first quarter valued at $41,000. J. Derek Lewis & Associates Inc. acquired a new position in Vivopower International during the 4th quarter worth $45,000. Finally, Krane Financial Solutions LLC bought a new stake in shares of Vivopower International in the 1st quarter worth about $424,000. Institutional investors and hedge funds own 15.80% of the company’s stock.

About Vivopower International

VivoPower International PLC is a sustainable energy solutions company headquartered in London, England. The company develops and provides electrification, renewable energy and critical power solutions for commercial, industrial, government and other institutional customers.

Its activities include the design and deployment of electric vehicle systems, battery technologies, solar energy projects and electrical infrastructure. Through its Tembo subsidiary, VivoPower focuses on all-electric utility and specialty vehicles, including conversion solutions for off-road and industrial applications.