REE Automotive Ltd. (NASDAQ:REE) Shares Acquired by Cruiser Capital Advisors LLC

Cruiser Capital Advisors LLC lifted its position in REE Automotive Ltd. (NASDAQ:REE) by 21.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 152,557 shares of the company’s stock after acquiring an additional 27,057 shares during the quarter. REE Automotive comprises about 0.7% of Cruiser Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding. Cruiser Capital Advisors LLC’s holdings in REE Automotive were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of REE. Virtu Financial LLC purchased a new stake in shares of REE Automotive in the third quarter valued at about $138,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of REE Automotive in the fourth quarter valued at approximately $160,000. Finally, Fulton Breakefield Broenniman LLC acquired a new position in REE Automotive during the 4th quarter worth $457,000. 12.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and set a $15.00 price objective on shares of REE Automotive in a report on Wednesday, March 19th.

REE Automotive Stock Up 2.6 %

Shares of NASDAQ REE opened at $3.97 on Tuesday. 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 firm’s 50-day moving average is $7.37 and its two-hundred day moving average is $7.48. The company has a market capitalization of $55.21 million, a PE ratio of -0.44 and a beta of 2.94. REE Automotive Ltd. has a 12-month low of $2.91 and a 12-month high of $11.72.

REE Automotive Profile

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.