Leo Wealth LLC Has $5.30 Million Stock Position in ECARX Holdings Inc. (NASDAQ:ECX)

Leo Wealth LLC lessened its stake in ECARX Holdings Inc. (NASDAQ:ECX) by 1.5% in the third quarter, Holdings Channel reports. The firm owned 2,773,517 shares of the company’s stock after selling 42,300 shares during the quarter. Leo Wealth LLC’s holdings in ECARX were worth $5,297,000 at the end of the most recent reporting period.

ECARX Price Performance

NASDAQ:ECX traded up $0.01 during mid-day trading on Tuesday, reaching $1.86. The stock had a trading volume of 32,720 shares, compared to its average volume of 108,016. The stock has a 50-day simple moving average of $1.79 and a two-hundred day simple moving average of $1.64. ECARX Holdings Inc. has a 12 month low of $0.96 and a 12 month high of $4.68. The stock has a market capitalization of $628.59 million, a PE ratio of -4.40 and a beta of 0.32.

ECARX (NASDAQ:ECX) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $173.00 million during the quarter. Equities analysts expect that ECARX Holdings Inc. will post -0.27 EPS for the current year.

ECARX Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.