Benzinga | Nov 23, 2020 03:50PM EST

Why Ayro's Stock Is Trading Higher Today

Ayro (NASDAQ:AYRO) shares are trading higher on Monday after the company announced a $10 million direct offering.

Ayro designs and delivers compact, emissions-free electric fleet solutions for use within urban and short-haul markets. Capable of accommodating a broad range of commercial and consumer requirements, Ayro's vehicles are affordable, efficient and sustainable logistical transportation. Its products are Club Car 411 and AYRO 311.

Ayro shares were trading up 25.03% to $10.12 on Monday during the time of publication. The stock has a 52-week high of $10.60 and a 52-week low of 75 cents.