LiveWire Group (NYSE:LVWR) Issues Quarterly Earnings Results

LiveWire Group (NYSE:LVWR) issued its quarterly earnings data on Wednesday. The company reported ($0.11) EPS 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 prior year, the business earned ($0.16) earnings per share.

LiveWire Group Stock Performance

Shares of LiveWire Group stock traded up $0.01 during trading on Friday, hitting $2.88. The company’s stock had a trading volume of 3,331 shares, compared to its average volume of 43,040. The company has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $5.77. The company has a market capitalization of $585.36 million, a PE ratio of -5.65 and a beta of 0.95. LiveWire Group has a 52 week low of $2.82 and a 52 week high of $11.36.

Insider Buying and Selling

In other news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 12,729 shares of company stock worth $76,841 in the last three months. 1.92% of the stock is owned by corporate insiders.

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.