Envirotech Vehicles (NASDAQ:EVTV) Shares Up 0.3% – Time to Buy?

Envirotech Vehicles, Inc. (NASDAQ:EVTV)’s share price traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as $2.03 and last traded at $1.9460. 714,311 shares changed hands during trading, an increase of 33% from the average session volume of 537,883 shares. The stock had previously closed at $1.94.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVTV. Wall Street Zen downgraded shares of Envirotech Vehicles from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings cut shares of Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Envirotech Vehicles presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

The business’s fifty day moving average price is $1.89 and its two-hundred day moving average price is $1.80. The stock has a market capitalization of $25.16 million, a P/E ratio of -0.30 and a beta of 0.85.

Envirotech Vehicles (NASDAQ:EVTV) last announced its quarterly earnings results on Tuesday, May 19th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($2.00) by $1.69. The firm had revenue of $2.25 million during the quarter, compared to the consensus estimate of $0.17 million. Envirotech Vehicles had a negative net margin of 382.71% and a negative return on equity of 1,284.22%.

Institutional Investors Weigh In On Envirotech Vehicles

A hedge fund recently bought a new stake in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned 0.17% of Envirotech Vehicles as of its most recent filing with the SEC. Institutional investors own 5.65% of the company’s stock.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.