GreenPower Motor (CVE:GPV) Stock Price Down 1.7% – What’s Next?

GreenPower Motor Company Inc. (CVE:GPV) dropped 1.7% during trading on Thursday . The stock traded as low as C$1.17 and last traded at C$1.19. Approximately 40,435 shares traded hands during mid-day trading, an increase of 221% from the average daily volume of 12,589 shares. The stock had previously closed at C$1.21.

Wall Street Analyst Weigh In

Separately, R. F. Lafferty raised shares of GreenPower Motor to a “strong-buy” rating in a report on Wednesday, September 11th.

GreenPower Motor Stock Performance

The stock has a market capitalization of C$29.93 million, a P/E ratio of -1.00 and a beta of 4.07. The company’s 50-day moving average is C$1.65 and its two-hundred day moving average is C$1.58. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 204.48.

GreenPower Motor (CVE:GPV) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C($0.29) earnings per share for the quarter, beating the consensus estimate of C($0.32) by C$0.03. The firm had revenue of C$4.10 million for the quarter, compared to the consensus estimate of C$6.85 million. GreenPower Motor had a negative net margin of 84.74% and a negative return on equity of 120.21%. As a group, sell-side analysts anticipate that GreenPower Motor Company Inc. will post 0.0647549 EPS for the current fiscal year.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.