Ryde Group (NYSEAMERICAN:RYDE) Stock Price Down 4.2% – What’s Next?

Ryde Group Ltd. (NYSEAMERICAN:RYDE)’s stock price fell 4.2% during trading on Tuesday . The company traded as low as $0.70 and last traded at $0.7283. 217,381 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 290,550 shares. The stock had previously closed at $0.76.

Ryde Group Stock Down 4.2%

The business has a fifty day moving average of $1.05 and a 200 day moving average of $0.63.

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

Insider Buying and Selling

In related news, CEO Junming Terence Zou sold 618,750 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was 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 is available at this link.

Hedge Funds Weigh In On Ryde Group

An institutional investor recently raised its position in Ryde Group stock. Citadel Advisors LLC raised its stake in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

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.