VinFast Auto (NASDAQ:VFS) Shares Down 3.7% – Time to Sell?

Shares of VinFast Auto Ltd. (NASDAQ:VFS) traded down 3.7% during trading on Thursday . The stock traded as low as $3.39 and last traded at $3.36. 58,417 shares were traded during trading, a decline of 96% from the average session volume of 1,400,665 shares. The stock had previously closed at $3.49.

VinFast Auto Stock Performance

The stock’s fifty day simple moving average is $3.74 and its two-hundred day simple moving average is $3.92. The company has a market cap of $7.82 billion, a price-to-earnings ratio of -3.05 and a beta of 0.93.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto during the 3rd quarter valued at $44,000. XTX Topco Ltd acquired a new stake in shares of VinFast Auto in the third quarter valued at about $48,000. Tidal Investments LLC grew its stake in shares of VinFast Auto by 30.0% in the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock valued at $659,000 after buying an additional 39,787 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $29,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter valued at about $153,000.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.