Shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Rating) were up 1.7% during trading on Friday . The company traded as high as $4.00 and last traded at $3.92. Approximately 15,059 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 20,720 shares. The stock had previously closed at $3.85.
Envirotech Vehicles Price Performance
The business's 50 day moving average price is $2.78 and its 200 day moving average price is $3.70. The stock has a market capitalization of $58.73 million, a P/E ratio of -8.51 and a beta of 3.02.
Get Envirotech Vehicles alerts:Envirotech Vehicles (NASDAQ:EVTV – Get Rating) last announced its earnings results on Monday, November 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $3.88 million during the quarter. Envirotech Vehicles had a negative net margin of 100.18% and a negative return on equity of 10.66%.
Hedge Funds Weigh In On Envirotech Vehicles
Several large investors have recently added to or reduced their stakes in the company. Diligent Investors LLC purchased a new position in shares of Envirotech Vehicles in the third quarter worth $63,000. Royal Bank of Canada bought a new stake in Envirotech Vehicles in the third quarter worth $103,000. First Republic Investment Management Inc. bought a new stake in Envirotech Vehicles in the third quarter worth $130,000. BlackRock Inc. bought a new stake in Envirotech Vehicles in the third quarter worth $625,000. Finally, Vanguard Group Inc. bought a new stake in Envirotech Vehicles in the third quarter worth $2,078,000. Hedge funds and other institutional investors own 5.17% of the company's stock.Envirotech Vehicles Company Profile
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Envirotech Vehicles is a provider and manufacturer of purpose-built, all-electric, zero-emission vehicles and zero-emission drive trains for integration in medium to heavy-duty commercial fleet vehicles. The company serves commercial and last-mile delivery fleets, school districts, public and private transportation service companies, colleges, and universities and meet the increasing demand for heavy-duty electric vehicles.
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