GreenPower Motor (CVE:GPV) Stock Price Down 1.7% – Should You Sell?

GreenPower Motor Company Inc. (CVE:GPV)’s share price traded down 1.7% during mid-day trading on Thursday . The company traded as low as C$1.17 and last traded at C$1.19. 40,435 shares were traded during mid-day trading, an increase of 221% from the average session volume of 12,589 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

Separately, R. F. Lafferty upgraded shares of GreenPower Motor to a “strong-buy” rating in a research report on Wednesday, September 11th.

GreenPower Motor Price Performance

The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 204.48. The company has a market capitalization of C$31.52 million, a price-to-earnings ratio of -1.05 and a beta of 4.07. The stock’s 50-day moving average price is C$1.65 and its 200-day moving average price is C$1.59.

GreenPower Motor (CVE:GPV) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.32) by C$0.03. The firm had revenue of C$4.10 million for the quarter, compared to the consensus estimate of C$6.85 million. GreenPower Motor had a negative return on equity of 120.21% and a negative net margin of 84.74%. Equities research analysts anticipate that GreenPower Motor Company Inc. will post 0.0647549 earnings per share for the current year.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.