Cenntro (NASDAQ:CENN) Trading 0.2% Higher – Here’s Why

Cenntro Inc. (NASDAQ:CENN)’s stock price traded up 0.2% during mid-day trading on Thursday . The company traded as high as $4.29 and last traded at $4.19. Approximately 15,686 shares traded hands during trading, a decline of 22% from the average daily volume of 20,106 shares. The stock had previously closed at $4.18.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cenntro currently has an average rating of “Sell”.

Cenntro Trading Up 4.1%

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 1.65. The firm has a market capitalization of $6.39 million, a PE ratio of -0.31 and a beta of 1.31. The stock’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $4.58.

Cenntro (NASDAQ:CENN) last posted its earnings results on Friday, August 14th. The company reported ($4.31) EPS for the quarter. Cenntro had a negative return on equity of 142.57% and a negative net margin of 424.20%.

Institutional Trading of Cenntro

An institutional investor recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its position in shares of Cenntro Inc. (NASDAQ:CENN) by 250.8% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 about 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.