Zapp Electric Vehicles Group (NASDAQ:ZAPP) Shares Down 4.9%

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares dropped 4.9% during trading on Tuesday . The company traded as low as $0.24 and last traded at $0.25. Approximately 41,573 shares changed hands during trading, a decline of 40% from the average daily volume of 68,866 shares. The stock had previously closed at $0.26.

Zapp Electric Vehicles Group Stock Down 7.1 %

The firm has a fifty day moving average price of $0.26 and a two-hundred day moving average price of $0.29.

Shares of Zapp Electric Vehicles Group are scheduled to reverse split on Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 23rd.

Institutional Investors Weigh In On Zapp Electric Vehicles Group

A hedge fund recently bought a new stake in Zapp Electric Vehicles Group stock. Geode Capital Management LLC acquired a new stake in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned approximately 0.06% of Zapp Electric Vehicles Group at the end of the most recent reporting period.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.