GreenPower Motor (CVE:GPV) Shares Down 1.7% – Time to Sell?

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

Analyst Upgrades and Downgrades

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

GreenPower Motor Trading Down 1.7 %

The company has a market capitalization of C$31.52 million, a P/E ratio of -1.05 and a beta of 4.07. The company has a debt-to-equity ratio of 204.48, a current ratio of 1.61 and a quick ratio of 0.25. The business’s 50-day moving average price is C$1.65 and its two-hundred day moving average price is C$1.59.

GreenPower Motor (CVE:GPV) last posted its earnings results on Wednesday, August 14th. The company reported C($0.29) earnings per share for the quarter, topping the consensus estimate of C($0.32) by C$0.03. GreenPower Motor had a negative return on equity of 120.21% and a negative net margin of 84.74%. The firm had revenue of C$4.10 million for the quarter, compared to analyst estimates of C$6.85 million. As a group, analysts forecast 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.