Electrameccanica Vehicles (NASDAQ:SOLO) Receives New Coverage from Analysts at Roth Capital
Roth Capital assumed coverage on shares of Electrameccanica Vehicles (NASDAQ:SOLO) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating on the stock.
Several other brokerages have also issued reports on SOLO. ThinkEquity began coverage on Electrameccanica Vehicles in a research report on Thursday, March 28th. They set a buy rating and a $6.00 target price on the stock. Benchmark assumed coverage on Electrameccanica Vehicles in a research note on Wednesday, March 20th. They issued a speculative buy rating and a $6.00 target price on the stock. Finally, Zacks Investment Research downgraded Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $5.25.
NASDAQ:SOLO opened at $2.84 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 16.61 and a current ratio of 17.01. The business has a 50 day moving average price of $2.58. Electrameccanica Vehicles has a 1 year low of $0.90 and a 1 year high of $7.48.
A hedge fund recently bought a new stake in Electrameccanica Vehicles stock. Advisory Services Network LLC purchased a new position in shares of Electrameccanica Vehicles Corp (NASDAQ:SOLO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,100 shares of the company’s stock, valued at approximately $104,000. Advisory Services Network LLC owned about 0.08% of Electrameccanica Vehicles at the end of the most recent reporting period. 2.98% of the stock is owned by institutional investors.
About Electrameccanica Vehicles
Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.
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