LMP Automotive (OTCMKTS:LMPX) Shares Down 8.3% – Here’s What Happened

LMP Automotive Holdings, Inc. (OTCMKTS:LMPXGet Free Report)’s stock price dropped 8.3% on Wednesday . The stock traded as low as $0.06 and last traded at $0.17. Approximately 1,200 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 3,443 shares. The stock had previously closed at $0.18.

LMP Automotive Price Performance

The company has a fifty day moving average price of $0.19 and a 200-day moving average price of $0.16.

LMP Automotive Company Profile

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LMP Automotive Holdings, Inc, through its subsidiaries, buys, sells, rents and subscribes for, and obtains financing for automobiles online and in person in the United States. It primarily buys pre-owned automobiles primarily through auctions or directly from other automobile dealers, as well as new automobiles from manufacturers and distributors at fleet rates.

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