Swvl (NASDAQ:SWVL – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The business had revenue of $7.99 million for the quarter.
Swvl Trading Down 2.9%
NASDAQ:SWVL opened at $3.64 on Thursday. The firm’s fifty day moving average price is $3.33 and its 200 day moving average price is $2.16. Swvl has a 1-year low of $1.30 and a 1-year high of $8.48.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Institutional Trading of Swvl
An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC purchased a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl as of its most recent SEC filing. Institutional investors own 34.03% of the company’s stock.
Swvl Company Profile
Swvl Holdings Corp. is a technology company that provides app-based mass-transit and mobility services. Through its platform, riders can book seats on buses, vans and other shared vehicles operating along fixed or flexible routes, with the goal of offering a more convenient and efficient alternative to traditional public transportation.
The company also provides mobility solutions for businesses, schools, governments and other organizations. These services may include employee transportation, school transportation, fleet management and route-planning tools, allowing institutions to manage scheduled or on-demand transportation through Swvl’s technology platform.
Founded in Egypt in 2017 by Mostafa Kandil, Swvl expanded its operations across several emerging markets, including countries in Africa, Asia and the Middle East.
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