Lion Electric (TSE:LEV) Upgraded to “Strong-Buy” by B. Riley

Lion Electric (TSE:LEV) was upgraded by analysts at B. Riley to a “strong-buy” rating in a report released on Tuesday, Zacks.com reports.

LEV has been the subject of a number of other reports. Desjardins cut shares of Lion Electric from a “buy” rating to a “hold” rating in a report on Friday, March 1st. National Bank Financial cut shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a research note on Wednesday, May 8th.

Lion Electric Price Performance

Shares of TSE:LEV opened at C$1.27 on Tuesday. Lion Electric has a 52 week low of C$1.22 and a 52 week high of C$3.53. The company has a quick ratio of 1.33, a current ratio of 2.65 and a debt-to-equity ratio of 104.69. The company has a market cap of C$287.30 million, a P/E ratio of -1.90 and a beta of 2.74. The company has a 50-day moving average price of C$1.39 and a 200 day moving average price of C$1.89.

Lion Electric (TSE:LEV) last issued its earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. The company had revenue of C$74.80 million during the quarter, compared to analysts’ expectations of C$97.28 million. Research analysts predict that Lion Electric will post -0.48 earnings per share for the current year.

About Lion Electric

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.