Cenntro (NASDAQ:CENN) Shares Down 2.7% – Time to Sell?

Cenntro Inc. (NASDAQ:CENN)’s share price traded down 2.7% during trading on Friday . The stock traded as low as $3.55 and last traded at $3.56. Approximately 5,385 shares were traded during mid-day trading, a decline of 64% from the average session volume of 14,823 shares. The stock had previously closed at $3.66.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Cenntro Price Performance

The firm’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $6.57. The firm has a market cap of $5.23 million, a P/E ratio of -0.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 1.69.

Cenntro (NASDAQ:CENN) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($53.61) earnings per share for the quarter. Cenntro had a negative net margin of 415.39% and a negative return on equity of 115.54%. The firm had revenue of $4.96 million for the quarter.

Hedge Funds Weigh In On Cenntro

An institutional investor recently raised its stake in Cenntro stock. Geode Capital Management LLC grew its position in Cenntro Inc. (NASDAQ:CENN) by 250.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,391 shares of the company’s stock after acquiring an additional 980,466 shares during the quarter. Geode Capital Management LLC owned 1.56% of Cenntro worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Cenntro

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.