Valliance Asset Management Ltd Takes Position in ECARX Holdings, Inc. (NASDAQ:ECX)

Valliance Asset Management Ltd acquired a new stake in shares of ECARX Holdings, Inc. (NASDAQ:ECX) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,787,105 shares of the company’s stock, valued at approximately $2,252,000. ECARX makes up 5.1% of Valliance Asset Management Ltd’s portfolio, making the stock its 4th biggest position. Valliance Asset Management Ltd owned approximately 0.48% of ECARX at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ECX. Two Sigma Securities LLC bought a new stake in ECARX in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC purchased a new position in shares of ECARX in the 4th quarter worth approximately $32,000. XTX Topco Ltd purchased a new position in ECARX in the fourth quarter valued at approximately $52,000. Citadel Advisors LLC purchased a new position in ECARX in the fourth quarter valued at approximately $68,000. Finally, Northern Trust Corp lifted its stake in ECARX by 103.8% in the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company’s stock valued at $172,000 after purchasing an additional 41,568 shares during the last quarter.

ECARX Price Performance

Shares of ECX stock opened at $1.59 on Tuesday. The company’s fifty day simple moving average is $1.76 and its two-hundred day simple moving average is $1.77. ECARX Holdings, Inc. has a 1 year low of $0.76 and a 1 year high of $3.25. The stock has a market capitalization of $589.46 million, a price-to-earnings ratio of -4.54 and a beta of 0.68.

ECARX (NASDAQ:ECX) last released its earnings results on Wednesday, April 30th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $168.40 million during the quarter, compared to analyst estimates of $154.18 million. Equities research analysts anticipate that ECARX Holdings, Inc. will post -0.42 EPS for the current year.

ECARX Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.