Zapp Electric Vehicles Group Stock to Reverse Split on Tuesday, April 23rd (NASDAQ:ZAPP)

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares are going to reverse split on the morning of Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 23rd.

Zapp Electric Vehicles Group Stock Performance

Shares of NASDAQ ZAPP opened at $0.15 on Friday. The stock’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.29. Zapp Electric Vehicles Group has a 1-year low of $0.13 and a 1-year high of $10.00.

Institutional Trading of Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Geode Capital Management LLC bought a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned 0.06% of Zapp Electric Vehicles Group as of its most recent SEC filing.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.