Zoomcar (NASDAQ:ZCAR) Shares Up 19% – Time to Buy?

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) shot up 19% during mid-day trading on Monday . The company traded as high as $7.26 and last traded at $6.25. 144,061 shares traded hands during trading, an increase of 233% from the average session volume of 43,272 shares. The stock had previously closed at $5.25.

Zoomcar Trading Up 19.0 %

The firm has a 50-day simple moving average of $1.11 and a 200-day simple moving average of $5.36.

Zoomcar (NASDAQ:ZCAR) last posted its earnings results on Friday, February 14th. The company reported ($3.56) EPS for the quarter. The company had revenue of $2.45 million for the quarter.

Institutional Trading of Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Virtu Financial LLC bought a new stake in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.80% of Zoomcar at the end of the most recent reporting period. Institutional investors and hedge funds own 3.71% of the company’s stock.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.