LiveWire Group (NYSE:LVWR) Issues Earnings Results

LiveWire Group (NYSE:LVWR) released its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, reports. The company had revenue of $4.45 million during the quarter. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%.

LiveWire Group Stock Down 2.6 %

Shares of NYSE:LVWR traded down $0.15 on Friday, hitting $5.70. The company had a trading volume of 28,982 shares, compared to its average volume of 19,463. LiveWire Group has a 1 year low of $5.20 and a 1 year high of $12.04. The firm’s 50-day simple moving average is $6.23 and its two-hundred day simple moving average is $6.80. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -10.36 and a beta of 0.95.

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent quarter. 0.88% of the stock is owned by institutional investors.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.