Zeo Energy (NASDAQ:ZEO – Get Free Report) issued its earnings results on Friday. The company reported ($0.07) EPS for the quarter, Zacks reports.
Zeo Energy Trading Down 0.7%
NASDAQ ZEO traded down $0.00 during trading on Friday, reaching $0.62. 46,442 shares of the stock traded hands, compared to its average volume of 422,872. The firm has a market cap of $35.86 million, a price-to-earnings ratio of -1.67 and a beta of 0.68. The stock’s 50-day moving average price is $0.63 and its 200 day moving average price is $0.80. The company has a quick ratio of 1.58, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. Zeo Energy has a fifty-two week low of $0.36 and a fifty-two week high of $2.42.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeo Energy in a research note on Friday, June 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Zeo Energy
Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Zeo Energy by 98.2% in the 2nd quarter. Geode Capital Management LLC now owns 173,670 shares of the company’s stock valued at $504,000 after buying an additional 86,047 shares in the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd bought a new position in Zeo Energy during the third quarter worth about $50,000. Finally, CIBC Bancorp USA Inc. bought a new position in Zeo Energy during the third quarter worth about $26,000.
About Zeo Energy
Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.
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