VinFast Auto (NASDAQ:VFS) Stock Price Down 6.7% – Time to Sell?

VinFast Auto Ltd. (NASDAQ:VFS)’s share price dropped 6.7% on Tuesday . The stock traded as low as $2.97 and last traded at $3.00. Approximately 733,998 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 1,437,428 shares. The stock had previously closed at $3.21.

VinFast Auto Price Performance

The stock has a market capitalization of $7.18 billion, a P/E ratio of -2.79 and a beta of 0.93. The company has a fifty day moving average of $3.82 and a two-hundred day moving average of $3.92.

Institutional Trading of VinFast Auto

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of VinFast Auto during the fourth quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of VinFast Auto during the fourth quarter valued at approximately $29,000. GSA Capital Partners LLP bought a new position in shares of VinFast Auto during the third quarter valued at approximately $44,000. Walleye Trading LLC bought a new position in shares of VinFast Auto during the fourth quarter valued at approximately $46,000. Finally, XTX Topco Ltd bought a new position in shares of VinFast Auto during the third quarter valued at approximately $48,000.

VinFast Auto Company Profile

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.