ECX Stock Dives 6.26% Amid Financial Losses

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Oct 23, 2024

ECX (ECX, Financial) experienced a significant stock movement with a sharp decline of 6.26%. The current trading price is $1.75 per share with a trading volume of 58,788 shares, reflecting a turnover rate of 0.02% and a price fluctuation of 3.75%.

Recent earnings reports revealed an operating revenue of $173 million and a net loss of $39.20 million, resulting in an earnings per share (EPS) of -$0.12. The company's gross profit stood at $40.10 million, and the price-earnings ratio was calculated at -3.84.

All four institutions covering the stock have recommended it as a buy, with no holds or sells suggested. Within the auto parts industry, where ECX operates, the sector experienced an overall growth of 0.82%. Noteworthy stocks in this industry included Hyzon Motors Inc, Foresight Autonomous Holdings Ltd, and Carbon Revolution Public Limited Company, which recorded significant gains.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.