GreenPower Motor (NASDAQ:GP) Stock Price Up 0.5%

GreenPower Motor Company Inc. (NASDAQ:GP)’s share price rose 0.5% during trading on Monday . The company traded as high as $2.03 and last traded at $1.95. Approximately 24,522 shares traded hands during trading, a decline of 51% from the average daily volume of 49,690 shares. The stock had previously closed at $1.94.

GreenPower Motor Price Performance

The company has a market capitalization of $49.98 million, a price-to-earnings ratio of -3.19 and a beta of 3.42. The stock has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 0.40.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The business had revenue of $8.16 million for the quarter, compared to analyst estimates of $12.00 million. GreenPower Motor had a negative return on equity of 66.07% and a negative net margin of 31.47%. During the same period in the previous year, the company earned ($0.14) earnings per share. On average, equities research analysts anticipate that GreenPower Motor Company Inc. will post -0.5 EPS for the current year.

Hedge Funds Weigh In On GreenPower Motor

Several large investors have recently modified their holdings of GP. Marshall Wace LLP lifted its stake in GreenPower Motor by 487.6% during the 3rd quarter. Marshall Wace LLP now owns 172,993 shares of the company’s stock worth $403,000 after acquiring an additional 143,551 shares in the last quarter. Renaissance Technologies LLC raised its position in GreenPower Motor by 307.8% in the 1st quarter. Renaissance Technologies LLC now owns 135,398 shares of the company’s stock valued at $927,000 after purchasing an additional 102,198 shares in the last quarter. Susquehanna International Group LLP raised its position in GreenPower Motor by 121.6% in the 1st quarter. Susquehanna International Group LLP now owns 32,581 shares of the company’s stock valued at $75,000 after purchasing an additional 17,881 shares in the last quarter. Osaic Holdings Inc. raised its position in GreenPower Motor by 38.0% in the 2nd quarter. Osaic Holdings Inc. now owns 58,662 shares of the company’s stock valued at $154,000 after purchasing an additional 16,153 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in GreenPower Motor in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 1.69% of the company’s stock.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.