Vicinity Motor Corp. (NASDAQ:VEV – Get Free Report) shot up 7.5% during trading on Monday . The company traded as high as $0.72 and last traded at $0.72. 13,518 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 26,454 shares. The stock had previously closed at $0.67.
Vicinity Motor Price Performance
The stock has a market cap of $31.64 million, a PE ratio of -1.87 and a beta of 0.57. The company’s fifty day moving average is $0.74 and its 200-day moving average is $0.81.
Vicinity Motor (NASDAQ:VEV – Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $5.09 million during the quarter. Vicinity Motor had a negative net margin of 87.32% and a negative return on equity of 54.76%.
Vicinity Motor Company Profile
Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.
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