B. Riley Analysts Decrease Earnings Estimates for Electrovaya Inc. (EFL)

Electrovaya Inc. (TSE:EFL) – Equities researchers at B. Riley dropped their Q1 2018 earnings estimates for shares of Electrovaya in a note issued to investors on Tuesday. B. Riley analyst C. Driscoll now anticipates that the company will post earnings per share of ($0.08) for the quarter, down from their previous estimate of ($0.06). B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Electrovaya’s Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.30) EPS.

Shares of Electrovaya (TSE EFL) opened at C$0.57 on Thursday. Electrovaya has a 52 week low of C$0.53 and a 52 week high of C$3.05. The stock has a market cap of $52.72, a P/E ratio of -1.90 and a beta of 2.22.

In other Electrovaya news, Director Gupta Bejoy Das acquired 50,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was bought at an average cost of C$0.85 per share, for a total transaction of C$42,500.00. Over the last quarter, insiders have acquired 110,000 shares of company stock valued at $92,450.

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Electrovaya Company Profile

Electrovaya Inc is a Canada-based company, which designs, develops and manufactures Lithium Ion SuperPolymer batteries, battery systems, and battery related products for energy storage, clean electric transportation and other specialized applications. The Company develops, manufactures and markets power technology products.

Earnings History and Estimates for Electrovaya (TSE:EFL)

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