Cenntro (NASDAQ:CENN) Trading Up 3.9% – Should You Buy?

Shares of Cenntro Inc. (NASDAQ:CENN) rose 3.9% on Thursday . The stock traded as high as $4.73 and last traded at $4.54. Approximately 12,273 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 12,039 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Cenntro Stock Up 3.9%

The firm has a 50 day moving average of $4.81 and a 200 day moving average of $7.19. The firm has a market cap of $6.67 million, a price-to-earnings ratio of -0.20 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 1.69 and a debt-to-equity ratio of 0.08.

Cenntro (NASDAQ:CENN) last released its earnings results on Wednesday, April 15th. The company reported ($53.61) EPS for the quarter. Cenntro had a negative return on equity of 115.54% and a negative net margin of 415.39%.The business had revenue of $4.96 million for the quarter.

Institutional Investors Weigh In On Cenntro

An institutional investor recently raised its position in Cenntro stock. Renaissance Technologies LLC raised its position in Cenntro Inc. (NASDAQ:CENN) by 238.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 319,458 shares of the company’s stock after acquiring an additional 225,008 shares during the period. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 as of its most recent filing with the SEC.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.