GreenPower Motor (NASDAQ:GP) Announces Quarterly Earnings Results

GreenPower Motor (NASDAQ:GP) posted its earnings results on Tuesday. The company reported ($1.18) earnings per share for the quarter, topping the consensus estimate of ($1.50) by $0.32, Zacks reports. GreenPower Motor had a negative net margin of 94.78% and a negative return on equity of 561.91%.

GreenPower Motor Price Performance

Shares of NASDAQ GP traded up $0.03 during midday trading on Tuesday, reaching $1.66. 4,859 shares of the stock traded hands, compared to its average volume of 87,944. The stock has a market capitalization of $5.10 million, a PE ratio of -0.27 and a beta of 2.89. GreenPower Motor has a one year low of $1.55 and a one year high of $10.90. The company’s 50 day moving average is $2.99 and its 200 day moving average is $3.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.