Swvl (NASDAQ:SWVL) Shares Down 7.4%

Swvl Holdings Corp. (NASDAQ:SWVL) shares were down 7.4% during mid-day trading on Tuesday . The stock traded as low as $10.00 and last traded at $10.58. Approximately 32,718 shares traded hands during trading, a decline of 84% from the average daily volume of 198,443 shares. The stock had previously closed at $11.42.

Swvl Stock Down 7.4 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day simple moving average is $10.44 and its 200-day simple moving average is $5.30.

Institutional Investors Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Gerber LLC bought a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $296,000. Gerber LLC owned approximately 0.37% of Swvl at the end of the most recent reporting period. 34.03% of the stock is owned by institutional investors and hedge funds.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.