Cenntro (NASDAQ:CENN – Get Free Report) issued its earnings results on Friday. The company reported ($4.31) EPS for the quarter, Zacks reports. Cenntro had a negative net margin of 415.39% and a negative return on equity of 115.54%.
Cenntro Trading Up 2.6%
Cenntro stock traded up $0.09 during mid-day trading on Friday, hitting $3.50. 7,610 shares of the company’s stock were exchanged, compared to its average volume of 26,962. The firm has a market capitalization of $5.14 million, a P/E ratio of -0.15 and a beta of 1.33. Cenntro has a fifty-two week low of $3.07 and a fifty-two week high of $39.60. The company has a quick ratio of 0.86, a current ratio of 1.69 and a debt-to-equity ratio of 0.08. The company’s 50 day simple moving average is $3.56 and its 200-day simple moving average is $5.16.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Investors Weigh In On Cenntro
An institutional investor recently raised its stake in Cenntro stock. Geode Capital Management LLC lifted its stake in shares of Cenntro Inc. (NASDAQ:CENN – Free Report) by 250.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,371,391 shares of the company’s stock after acquiring an additional 980,466 shares during the period. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 at the end of the most recent quarter.
About Cenntro
Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.
Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.
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