Virtu Financial LLC Makes New $319,000 Investment in ECARX Holdings Inc. (NASDAQ:ECX)

Virtu Financial LLC purchased a new stake in shares of ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 151,150 shares of the company’s stock, valued at approximately $319,000.

Separately, Green Alpha Advisors LLC acquired a new position in shares of ECARX during the fourth quarter worth approximately $167,000.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on ECARX in a research report on Tuesday, February 11th. They issued a “buy” rating and a $3.20 target price on the stock.

ECARX Stock Down 6.6 %

Shares of NASDAQ ECX opened at $2.26 on Friday. The firm’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $1.97. The stock has a market cap of $763.77 million, a P/E ratio of -4.52 and a beta of 0.23. ECARX Holdings Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $3.25.

About ECARX

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.