GreenPower Motor (CVE:GPV) Stock Price Down 1.7% – What’s Next?

GreenPower Motor Company Inc. (CVE:GPV)’s share price dropped 1.7% during mid-day trading on Thursday . The stock traded as low as C$1.17 and last traded at C$1.19. Approximately 40,435 shares were traded during mid-day trading, an increase of 221% from the average daily volume of 12,589 shares. The stock had previously closed at C$1.21.

Analyst Upgrades and Downgrades

Separately, R. F. Lafferty raised shares of GreenPower Motor to a “strong-buy” rating in a research report on Wednesday, September 11th.

GreenPower Motor Stock Down 5.0 %

The firm has a market capitalization of C$29.93 million, a PE ratio of -1.00 and a beta of 4.07. The firm’s 50 day moving average price is C$1.65 and its two-hundred day moving average price is C$1.58. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 204.48.

GreenPower Motor (CVE:GPV) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.29) EPS for the quarter, beating analysts’ consensus estimates of C($0.32) by C$0.03. GreenPower Motor had a negative net margin of 84.74% and a negative return on equity of 120.21%. The firm had revenue of C$4.10 million for the quarter, compared to the consensus estimate of C$6.85 million. As a group, research analysts forecast that GreenPower Motor Company Inc. will post 0.0647549 EPS for the current fiscal year.

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.