Blink Charging Co (NASDAQ:BLNK) shot up 6.3% on Monday . The stock traded as high as $3.25 and last traded at $3.22. 674,614 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 1,262,370 shares. The stock had previously closed at $3.03.

Several research analysts have commented on the company. HC Wainwright restated a “buy” rating and issued a $5.00 target price on shares of Blink Charging in a research note on Wednesday, April 3rd. Zacks Investment Research upgraded Blink Charging from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Friday, April 5th.

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.97 and a quick ratio of 3.74. The company has a market capitalization of $84.97 million, a P/E ratio of -2.45 and a beta of 5.45.

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning bought a new position in Blink Charging in the 4th quarter worth about $26,000. Northern Trust Corp bought a new position in Blink Charging in the 2nd quarter worth about $109,000. Virtu Financial LLC bought a new position in Blink Charging in the 4th quarter worth about $54,000. BlackRock Inc. boosted its stake in Blink Charging by 77.4% in the 4th quarter. BlackRock Inc. now owns 47,598 shares of the company’s stock worth $82,000 after purchasing an additional 20,765 shares during the period. Finally, Endurance Wealth Management Inc. boosted its stake in Blink Charging by 42.9% in the 4th quarter. Endurance Wealth Management Inc. now owns 50,000 shares of the company’s stock worth $86,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 8.98% of the company’s stock.

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Blink Charging Company Profile (NASDAQ:BLNK)

Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.

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