Cenntro (NASDAQ:CENN) Shares Down 1.7% – What’s Next?

Cenntro Inc. (NASDAQ:CENN)’s share price fell 1.7% on Tuesday . The company traded as low as $0.2123 and last traded at $0.2323. 9,362,022 shares were traded during mid-day trading, a decline of 54% from the average session volume of 20,379,476 shares. The stock had previously closed at $0.2363.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CENN. Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cenntro to a “sell” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Cenntro Stock Performance

The company has a market capitalization of $12.06 million, a P/E ratio of -0.34 and a beta of 1.58. The firm’s fifty day moving average is $0.46 and its 200 day moving average is $0.66.

Cenntro (NASDAQ:CENN) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $6.41 million for the quarter. Cenntro had a negative net margin of 139.15% and a negative return on equity of 39.26%.

Cenntro Company Profile

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.