Shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE – Get Free Report) passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.72 and traded as high as $0.74. Ryde Group shares last traded at $0.7390, with a volume of 1,728,263 shares changing hands.
Ryde Group Stock Up 9.3%
The stock’s fifty day moving average is $0.68 and its 200-day moving average is $0.72.
Ryde Group Company Profile
Ryde Group Limited is a Singapore-based mobility technology company that operates a digital platform for transportation and related services. Through its Ryde app, the company connects passengers with private-hire car and taxi drivers, providing services that include on-demand ride booking, scheduled trips and carpooling.
The company also offers delivery-related services and other mobility products designed to support transportation and logistics needs. Its platform is primarily focused on the Singapore market, where it serves consumers, drivers and delivery partners through mobile applications and technology-enabled services.
Ryde was established in Singapore in 2014 and subsequently expanded its operations through a suite of app-based mobility offerings.
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