NXU (NASDAQ:NXU) Trading Down 1.5%

Nxu, Inc. (NASDAQ:NXU) traded down 1.5% on Tuesday . The stock traded as low as $0.59 and last traded at $0.59. 283,274 shares were traded during trading, a decline of 88% from the average session volume of 2,393,672 shares. The stock had previously closed at $0.60.

NXU Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a 50 day moving average of $0.83 and a 200-day moving average of $0.61.

Institutional Investors Weigh In On NXU

Large investors have recently modified their holdings of the stock. UBS Group AG bought a new stake in shares of NXU in the 4th quarter valued at approximately $30,000. Renaissance Technologies LLC bought a new stake in shares of NXU in the 4th quarter valued at approximately $40,000. Charles Schwab Investment Management Inc. bought a new stake in shares of NXU in the 4th quarter valued at approximately $51,000. CIBC Asset Management Inc acquired a new position in shares of NXU in the 1st quarter worth approximately $35,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of NXU in the 1st quarter worth approximately $395,000. 0.33% of the stock is currently owned by institutional investors.

About NXU

Nxu, Inc, formerly known as Atlis Motor Vehicles, is a US-owned technology company manufacturing innovative battery cells and battery packs, for use in advanced energy storage systems and megawatt charging stations.