Cenntro (NASDAQ:CENN) Issues Earnings Results

Cenntro (NASDAQ:CENN) issued its quarterly earnings data on Wednesday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. Cenntro had a negative net margin of 220.45% and a negative return on equity of 38.41%.

Cenntro Price Performance

CENN stock traded down $0.01 during mid-day trading on Friday, reaching $0.16. The company had a trading volume of 4,560,986 shares, compared to its average volume of 2,392,895. The company has a market capitalization of $8.24 million, a PE ratio of -0.23 and a beta of 1.40. The firm has a 50 day moving average of $0.37 and a 200 day moving average of $0.61. Cenntro has a 12 month low of $0.14 and a 12 month high of $1.38.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Cenntro to a “sell” rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Cenntro

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.