Sono Group N.V. (NASDAQ:SSM – Get Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 20,091 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $3.24, for a total transaction of $65,094.84. Following the transaction, the insider owned 157,326 shares of the company’s stock, valued at $509,736.24. This trade represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Sono Group Stock Down 1.8%
Shares of SSM traded down $0.05 during trading hours on Wednesday, reaching $2.68. 12,684 shares of the company traded hands, compared to its average volume of 37,218. The firm has a market cap of $3.81 million, a P/E ratio of -0.79 and a beta of 9.60. Sono Group N.V. has a fifty-two week low of $2.56 and a fifty-two week high of $27.73.
Wall Street Analyst Weigh In
Separately, Weiss Ratings initiated coverage on Sono Group in a report on Friday. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sono Group presently has an average rating of “Sell”.
Sono Group Company Profile
Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.
Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.
The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.
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