Zapp Electric Vehicles Group’s (ZAPP) “Hold” Rating Reaffirmed at Maxim Group

Zapp Electric Vehicles Group (NASDAQ:ZAPP)‘s stock had its “hold” rating reaffirmed by analysts at Maxim Group in a research report issued to clients and investors on Tuesday,Benzinga reports.

Zapp Electric Vehicles Group Price Performance

Shares of NASDAQ ZAPP traded down $0.13 during midday trading on Tuesday, reaching $0.15. 13,376,264 shares of the company traded hands, compared to its average volume of 2,987,345. The stock has a 50-day moving average price of $0.60 and a 200 day moving average price of $1.05. Zapp Electric Vehicles Group has a 52 week low of $0.14 and a 52 week high of $19.10.

Institutional Investors Weigh In On Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Renaissance Technologies LLC acquired a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,556 shares of the company’s stock, valued at approximately $52,000. Renaissance Technologies LLC owned about 1.30% of Zapp Electric Vehicles Group at the end of the most recent quarter.

Zapp Electric Vehicles Group Company Profile

Zapp Electric Vehicles Group Ltd. engages in the provision of designs, manufactures and sells electric vehicles. It operates through the following geographical segments: Cayman Islands, Europe, and Thailand. It offers maintenance and repair of motorcycles and related parts and accessories. The company was founded by Swin Chatsuwan, Jeremy North, Warin Thanathawee and Kiattipong Arttachariya in 2017 and is headquartered in London, the United Kingdom.