Cenntro (NASDAQ:CENN – Get Free Report) issued its earnings results on Thursday. The company reported ($2.76) EPS for the quarter, Zacks reports. Cenntro had a negative return on equity of 102.15% and a negative net margin of 403.73%.
Cenntro Price Performance
CENN stock traded up $0.22 during mid-day trading on Thursday, reaching $4.14. 15,348 shares of the company’s stock were exchanged, compared to its average volume of 28,900. The stock’s 50 day moving average is $5.62 and its 200 day moving average is $8.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.89 and a current ratio of 1.71. Cenntro has a 12-month low of $3.65 and a 12-month high of $64.20.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Hedge Funds Weigh In On Cenntro
An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC grew its position in Cenntro Inc. (NASDAQ:CENN – Free Report) by 250.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371,391 shares of the company’s stock after acquiring an additional 980,466 shares during the quarter. Geode Capital Management LLC owned about 1.56% of Cenntro worth $187,000 as of its most recent SEC filing.
Cenntro Company Profile
Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light?duty electric truck platform, offering zero?emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.
Beyond vehicle production, Cenntro provides end?to?end services including battery management, telematics integration and ongoing fleet support.
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