VinFast Auto (NASDAQ:VFS) Stock Price Down 3.7% – Here’s Why

VinFast Auto Ltd. (NASDAQ:VFS)’s stock price was down 3.7% during trading on Thursday . The company traded as low as $3.39 and last traded at $3.36. Approximately 58,417 shares were traded during trading, a decline of 96% from the average daily volume of 1,400,665 shares. The stock had previously closed at $3.49.

VinFast Auto Stock Up 3.6 %

The firm has a market capitalization of $8.05 billion, a P/E ratio of -3.13 and a beta of 0.93. The stock has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $3.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VFS. Tower Research Capital LLC TRC purchased a new position in VinFast Auto in the fourth quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in VinFast Auto in the fourth quarter worth approximately $29,000. Walleye Trading LLC bought a new position in VinFast Auto in the fourth quarter worth approximately $46,000. GSA Capital Partners LLP bought a new position in VinFast Auto in the third quarter worth approximately $44,000. Finally, XTX Topco Ltd acquired a new position in shares of VinFast Auto during the third quarter worth $48,000.

About VinFast Auto

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.