VinFast Auto (NASDAQ:VFS) Stock Price Down 6.7% – Here’s What Happened

VinFast Auto Ltd. (NASDAQ:VFS) dropped 6.7% on Tuesday . The company traded as low as $2.97 and last traded at $3.00. Approximately 733,998 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 1,437,428 shares. The stock had previously closed at $3.21.

VinFast Auto Price Performance

The firm has a 50-day moving average of $3.89 and a 200-day moving average of $3.94. The stock has a market cap of $7.13 billion, a PE ratio of -2.77 and a beta of 0.93.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently modified their holdings of VFS. Tower Research Capital LLC TRC purchased a new position in VinFast Auto during the fourth quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of VinFast Auto during the fourth quarter valued at about $29,000. GSA Capital Partners LLP bought a new stake in shares of VinFast Auto in the third quarter worth about $44,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto in the fourth quarter worth about $46,000. Finally, XTX Topco Ltd bought a new position in VinFast Auto during the third quarter valued at approximately $48,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.