EzFill stock moves lower Friday
By Daniel Tyson
17:02, 17 September 2021
Days after making its debut on the Nasdaq, the mobile filling company EzFill was losing gas Friday, dropping nearly 12% by mid-day.
The company’s stock opened at $4.83 (£3.51), dropped to a low of $4.51, and then rose mid-day to $4.60.
The stock began its first day of trading at $4 per share Tuesday, rising to $4.85 at closing.
The IPO raised around $25m for the Florida-based company.
Losses last year
EzFill Holdings reported revenue of $3.6m in 2020, with losses of 7.3m for the year, according to its Securities and Exchange Commission’s S-1 filing.
The company’s website described it as South Florida's sole mobile fueling company. Mobile fueling companies bring gasoline to subscribers cars, generally serving motorists who don't want to pump their own gas. The company has 13 delivery trucks.
EzFill is operating in several Florida cities, but it has its sights on Atlanta, Georgia; Austin, Texas; Nashville, Tennessee; Baltimore, Maryland; the greater Washington, D.C. metro area; Charleston, South Carolina; and the New York City area.
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