Geode Capital Management LLC Purchases 20,767 Shares of Cenntro Inc. (NASDAQ:CENN)

Geode Capital Management LLC grew its position in shares of Cenntro Inc. (NASDAQ:CENN) by 8.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277,490 shares of the company’s stock after buying an additional 20,767 shares during the quarter. Geode Capital Management LLC owned approximately 0.90% of Cenntro worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Cenntro Price Performance

CENN opened at $1.17 on Tuesday. Cenntro Inc. has a one year low of $1.00 and a one year high of $2.30. The company’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $1.31.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.29) earnings per share (EPS) for the quarter. Cenntro had a negative net margin of 109.17% and a negative return on equity of 37.17%. The business had revenue of $16.73 million during the quarter.

Cenntro Profile

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.