Envirotech Vehicles (NASDAQ:EVTV) Shares Down 0.3% – Here’s What Happened

Envirotech Vehicles, Inc. (NASDAQ:EVTV)’s stock price traded down 0.3% on Tuesday . The company traded as low as $0.34 and last traded at $0.38. 828,756 shares were traded during mid-day trading, a decline of 72% from the average session volume of 2,933,943 shares. The stock had previously closed at $0.39.

Envirotech Vehicles Stock Performance

The company has a market cap of $6.44 million, a P/E ratio of -0.61 and a beta of 2.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43. The firm has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.56.

Institutional Trading of Envirotech Vehicles

A hedge fund recently raised its stake in Envirotech Vehicles stock. Geode Capital Management LLC raised its stake in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 133,703 shares of the company’s stock after purchasing an additional 10,066 shares during the quarter. Geode Capital Management LLC owned 0.80% of Envirotech Vehicles worth $241,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.65% of the company’s stock.

About Envirotech Vehicles

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks.