LiveWire Group (NYSE:LVWR) Posts Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) released its quarterly earnings data on Wednesday. The company reported ($0.11) earnings per share for the quarter, Zacks reports. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. During the same quarter in the previous year, the business earned ($0.16) earnings per share.

LiveWire Group Trading Down 0.5 %

Shares of LVWR traded down $0.02 during mid-day trading on Wednesday, hitting $3.06. The company’s stock had a trading volume of 14,386 shares, compared to its average volume of 44,533. The firm has a market capitalization of $620.93 million, a price-to-earnings ratio of -5.99 and a beta of 0.95. The company’s 50-day moving average is $4.80 and its 200-day moving average is $5.85. LiveWire Group has a 52-week low of $3.00 and a 52-week high of $11.36.

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 12,729 shares of company stock valued at $76,841 over the last ninety days. 1.92% of the stock is owned by company insiders.

LiveWire Group Company Profile

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.