Envirotech Vehicles (NASDAQ:EVTV – Get Free Report) announced its earnings results on Tuesday. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($2.00) by $1.69, FiscalAI reports. Envirotech Vehicles had a negative net margin of 658.70% and a negative return on equity of 1,284.22%. The business had revenue of $2.25 million during the quarter, compared to analysts’ expectations of $0.17 million.
Envirotech Vehicles Price Performance
Shares of Envirotech Vehicles stock traded up $0.03 during trading on Tuesday, reaching $2.50. 896,535 shares of the company traded hands, compared to its average volume of 18,423,551. Envirotech Vehicles has a 1-year low of $0.33 and a 1-year high of $5.07. The company has a 50 day moving average price of $1.76 and a 200-day moving average price of $1.60. The firm has a market capitalization of $32.33 million, a PE ratio of -0.20 and a beta of 0.80.
Analyst Ratings Changes
A number of brokerages have weighed in on EVTV. Weiss Ratings downgraded Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. Wall Street Zen raised Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Envirotech Vehicles Company Profile
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. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.
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