LiveWire Group (NYSE:LVWR) Shares Gap Down to $7.08

LiveWire Group, Inc. (NYSE:LVWR)’s share price gapped down before the market opened on Friday . The stock had previously closed at $7.08, but opened at $6.72. LiveWire Group shares last traded at $7.01, with a volume of 8,250 shares changing hands.

LiveWire Group Trading Down 4.0 %

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -12.26 and a beta of 0.95. The company has a fifty day moving average price of $7.76 and a 200-day moving average price of $9.46.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, April 25th. The company reported ($0.12) earnings per share for the quarter. LiveWire Group had a negative return on equity of 43.28% and a negative net margin of 288.11%. The company had revenue of $4.98 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently bought a new position in LiveWire Group stock. Barclays PLC bought a new position in LiveWire Group, Inc. (NYSE:LVWR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,236 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 0.88% of the company’s stock.

LiveWire Group Company Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.