LiveWire Group (NYSE:LVWR) Issues Quarterly Earnings Results

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

LiveWire Group Trading Down 2.6 %

Shares of NYSE:LVWR opened at $5.70 on Friday. LiveWire Group has a 12 month low of $5.20 and a 12 month high of $12.04. The stock has a market cap of $1.16 billion, a P/E ratio of -10.36 and a beta of 0.95. The company has a 50 day moving average of $6.23 and a 200 day moving average of $6.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp raised its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.