Envirotech Vehicles (NASDAQ:EVTV) Announces Earnings Results

Envirotech Vehicles (NASDAQ:EVTV) issued its quarterly earnings results on Wednesday. The company reported ($0.86) earnings per share for the quarter, Zacks reports. The firm had revenue of $1.81 million for the quarter.

Envirotech Vehicles Price Performance

Shares of Envirotech Vehicles stock traded up $0.04 during midday trading on Friday, reaching $1.04. The company had a trading volume of 32,319 shares, compared to its average volume of 180,013. Envirotech Vehicles has a fifty-two week low of $0.98 and a fifty-two week high of $16.76. The stock has a fifty day moving average price of $1.61 and a 200 day moving average price of $1.88. The firm has a market cap of $3.67 million, a PE ratio of -0.10 and a beta of 3.03.

Analysts Set New Price Targets

Several research firms have weighed in on EVTV. Wall Street Zen upgraded Envirotech Vehicles to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks.