TOYO (NASDAQ:TOYO) Shares Down 8.5% – Here’s Why

TOYO Co., Ltd (NASDAQ:TOYOGet Free Report) fell 8.5% on Monday . The stock traded as low as $3.38 and last traded at $3.44. 64,333 shares were traded during mid-day trading, a decline of 94% from the average session volume of 992,266 shares. The stock had previously closed at $3.76.

TOYO Price Performance

The company’s 50 day simple moving average is $3.17.

Hedge Funds Weigh In On TOYO

An institutional investor recently bought a new position in TOYO stock. Polar Asset Management Partners Inc. purchased a new position in shares of TOYO Co., Ltd (NASDAQ:TOYOFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,979 shares of the company’s stock, valued at approximately $141,000. Polar Asset Management Partners Inc. owned approximately 0.94% of TOYO as of its most recent filing with the Securities and Exchange Commission (SEC). 84.61% of the stock is currently owned by hedge funds and other institutional investors.

TOYO Company Profile

(Get Free Report)

Toyo is a machine and tool trading company with a history that spans over 60 years. From our base in Aichi prefecture, we have expanded our business throughout Japan—from Hokkaido to Kyushu—and globally into areas such as North and Central America, Europe and Asia.

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