Envirotech Vehicles (NASDAQ:EVTV) Announces Earnings Results

Envirotech Vehicles (NASDAQ:EVTV) announced its earnings results on Wednesday. The company reported ($0.86) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.81 million during the quarter.

Envirotech Vehicles Stock Performance

EVTV traded down $0.01 during trading on Friday, reaching $0.99. 32,834 shares of the stock were exchanged, compared to its average volume of 180,016. The stock’s 50 day moving average price is $1.61 and its two-hundred day moving average price is $1.88. Envirotech Vehicles has a twelve month low of $0.98 and a twelve month high of $16.76. The stock has a market cap of $3.49 million, a P/E ratio of -0.09 and a beta of 3.03.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EVTV. Wall Street Zen raised shares of Envirotech Vehicles to a “sell” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Envirotech Vehicles

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks.