Envirotech Vehicles (NASDAQ:AZIO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Envirotech Vehicles (NASDAQ:AZIO) to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

NASDAQ:AZIO opened at $1.19 on Friday. The firm has a market cap of $19.60 million, a P/E ratio of -0.24 and a beta of 0.87. Envirotech Vehicles has a fifty-two week low of $0.33 and a fifty-two week high of $5.07. The firm has a 50-day simple moving average of $1.89 and a two-hundred day simple moving average of $1.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new position in Envirotech Vehicles, Inc. (NASDAQ:AZIO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned about 0.17% of Envirotech Vehicles at the end of the most recent quarter. 5.65% of the stock is owned by hedge funds and other institutional investors.

About Envirotech Vehicles

Envirotech Vehicles, Inc (NASDAQ: EVTV) develops and manufactures zero-emission electric vehicles and related powertrain systems for commercial and government fleets. The company focuses on purpose-built vehicles designed to help organizations reduce fuel consumption, emissions and operating costs.

Its product portfolio includes all-electric commercial trucks, vans, buses and specialty vehicles. Envirotech Vehicles targets applications such as last-mile delivery, logistics, municipal services, school transportation and other fleet operations that require medium-duty transportation solutions.

The company serves customers primarily in the United States and has developed domestic manufacturing capabilities to support the production and deployment of its electric vehicles.