Blink Charging (NASDAQ:BLNK) Trading Up 6.3%
Blink Charging Co (NASDAQ:BLNK) shares traded up 6.3% during mid-day trading on Wednesday . The stock traded as high as $2.75 and last traded at $2.68, 297,400 shares traded hands during mid-day trading. A decline of 52% from the average session volume of 618,861 shares. The stock had previously closed at $2.52.
A number of brokerages have recently commented on BLNK. ThinkEquity started coverage on Blink Charging in a report on Monday, August 26th. They issued a “buy” rating and a $5.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of Blink Charging in a report on Friday, May 17th. Finally, Zacks Investment Research raised Blink Charging from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday, August 21st.
The company has a quick ratio of 3.54, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $70.33 million, a price-to-earnings ratio of -2.06 and a beta of 4.82. The stock’s fifty day moving average price is $2.67 and its 200-day moving average price is $2.83.
A hedge fund recently raised its stake in Blink Charging stock. Blue Fin Capital Inc. lifted its holdings in shares of Blink Charging Co (NASDAQ:BLNK) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,164,219 shares of the company’s stock after buying an additional 113,757 shares during the period. Blue Fin Capital Inc. owned about 4.44% of Blink Charging worth $1,164,000 at the end of the most recent quarter. 12.22% of the stock is currently owned by hedge funds and other institutional investors.
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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