AYRO (NASDAQ:AYRO) Shares Down 5.6% – Here’s Why

Shares of AYRO, Inc. (NASDAQ:AYROGet Free Report) fell 5.6% on Tuesday . The company traded as low as $4.90 and last traded at $5.05. 882,524 shares were traded during trading, an increase of 372% from the average session volume of 187,031 shares. The stock had previously closed at $5.35.

AYRO Price Performance

The firm has a market cap of $3.41 million, a price-to-earnings ratio of -0.14 and a beta of 3.34. The business’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $3.03.

AYRO Company Profile

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AYRO, Inc, headquartered in Round Rock, Texas, is a manufacturer of low-speed electric vehicles designed for short-distance transport and utility applications. The company specializes in developing battery-electric vehicles (BEVs) tailored to the needs of last-mile delivery, facilities management and campus mobility. AYRO’s product portfolio includes compact commercial cargo vans and utility vehicles that combine zero-emission operation with customizable configurations for urban and industrial environments.

Founded in 2017, AYRO brings together expertise in automotive engineering, battery technology and modular vehicle design to serve a growing market for sustainable transportation solutions.

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