Sono Group (NASDAQ:SSM) Major Shareholder 255 V. Ug Haftungsbes Bambino Sells 4,000 Shares

Sono Group N.V. (NASDAQ:SSM) major shareholder 255 V. Ug Haftungsbes Bambino sold 4,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $2.75, for a total transaction of $11,000.00. Following the completion of the transaction, the insider directly owned 153,326 shares of the company’s stock, valued at approximately $421,646.50. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Large 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 Performance

SSM opened at $2.68 on Tuesday. Sono Group N.V. has a 1 year low of $2.35 and a 1 year high of $27.73. The stock has a market capitalization of $3.82 million, a price-to-earnings ratio of -0.50 and a beta of 9.60.

Sono Group (NASDAQ:SSM) last posted its quarterly earnings data on Friday, August 14th. The company reported ($1.59) earnings per share for the quarter. Sono Group had a negative return on equity of 50.42% and a net margin of 2,204.17%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Sono Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.