Cruiser Capital Advisors LLC Grows Stock Position in REE Automotive Ltd. (NASDAQ:REE)

Cruiser Capital Advisors LLC grew its holdings in REE Automotive Ltd. (NASDAQ:REE) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,557 shares of the company’s stock after purchasing an additional 27,057 shares during the period. REE Automotive makes up about 0.7% of Cruiser Capital Advisors LLC’s holdings, making the stock its 16th biggest position. Cruiser Capital Advisors LLC owned about 1.10% of REE Automotive worth $1,347,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Fulton Breakefield Broenniman LLC bought a new position in REE Automotive during the fourth quarter valued at approximately $457,000. Virtu Financial LLC purchased a new stake in REE Automotive in the third quarter worth $138,000. Finally, Patriot Financial Group Insurance Agency LLC purchased a new position in REE Automotive during the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 12.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and issued a $15.00 target price on shares of REE Automotive in a research note on Wednesday, March 19th.

REE Automotive Trading Up 2.6 %

Shares of REE stock opened at $3.97 on Tuesday. REE Automotive Ltd. has a 1 year low of $2.91 and a 1 year high of $11.72. The company has a market cap of $55.21 million, a PE ratio of -0.44 and a beta of 2.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.21 and a quick ratio of 3.15. The stock’s 50 day simple moving average is $7.37 and its two-hundred day simple moving average is $7.48.

About REE Automotive

REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform.