Exro Technologies (OTCMKTS:EXROF) Trading Down 4.5%

Exro Technologies Inc. (OTCMKTS:EXROF)’s share price dropped 4.5% on Monday . The stock traded as low as $0.35 and last traded at $0.35. Approximately 149,310 shares were traded during mid-day trading, an increase of 19% from the average daily volume of 125,710 shares. The stock had previously closed at $0.37.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial restated an “outperform market weight” rating on shares of Exro Technologies in a research report on Friday, April 5th.

Exro Technologies Stock Performance

The stock’s 50-day moving average is $0.48 and its 200-day moving average is $0.65. The firm has a market capitalization of $121.32 million and a price-to-earnings ratio of -1.45. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.88.

Exro Technologies (OTCMKTS:EXROF) last posted its earnings results on Wednesday, May 15th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Exro Technologies had a negative return on equity of 139.09% and a negative net margin of 826.56%. The business had revenue of $0.94 million for the quarter, compared to the consensus estimate of $1.99 million. On average, analysts predict that Exro Technologies Inc. will post -0.12 EPS for the current fiscal year.

Exro Technologies Company Profile

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.