Beam Global (NASDAQ:BEEMW) Trading Down 5.5%

Beam Global (NASDAQ:BEEMWGet Rating)’s share price was down 5.5% on Thursday . The stock traded as low as $11.80 and last traded at $11.80. Approximately 354 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,631 shares. The stock had previously closed at $12.49.

The company’s 50 day simple moving average is $11.31.

An institutional investor recently raised its position in Beam Global stock. UBS Group AG increased its holdings in shares of Beam Global (NASDAQ:BEEMWGet Rating) by 151.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,955 shares of the company’s stock after buying an additional 2,380 shares during the quarter. UBS Group AG’s holdings in Beam Global were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

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