Ryde Group (NYSEAMERICAN:RYDE) Shares Up 5% – What’s Next?

Ryde Group Ltd. (NYSEAMERICAN:RYDE)’s share price traded up 5% during mid-day trading on Tuesday . The company traded as high as $0.6890 and last traded at $0.6870. 9,606 shares traded hands during trading, a decline of 83% from the average session volume of 57,087 shares. The stock had previously closed at $0.6541.

Ryde Group Stock Performance

The company’s 50-day moving average price is $0.79 and its 200 day moving average price is $0.68.

Ryde Group (NYSEAMERICAN:RYDE) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $2.60 million for the quarter.

Insiders Place Their Bets

In other Ryde Group news, CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $0.85, for a total value of $525,937.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC lifted its stake in Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,709 shares of the company’s stock after purchasing an additional 54,272 shares during the period. Citadel Advisors LLC owned 0.21% of Ryde Group worth $27,000 at the end of the most recent reporting period.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.