Volcon (NASDAQ:EMPD) Issues Earnings Results

Volcon (NASDAQ:EMPD) posted its earnings results on Tuesday. The company reported ($0.57) earnings per share for the quarter, Zacks reports. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.

Volcon Stock Performance

Shares of Volcon stock traded down $0.18 on Tuesday, reaching $6.35. 41,981 shares of the company’s stock were exchanged, compared to its average volume of 508,109. The company has a market capitalization of $280.81 million, a P/E ratio of -0.03 and a beta of -0.62. Volcon has a 52 week low of $4.40 and a 52 week high of $80.80. The firm’s 50-day moving average is $7.22 and its two-hundred day moving average is $7.47.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EMPD. Wall Street Zen upgraded Volcon to a “sell” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Volcon presently has a consensus rating of “Moderate Buy”.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.