Cenntro (NASDAQ:CENN) Stock Price Down 3.8% – Time to Sell?

Cenntro Inc. (NASDAQ:CENN) fell 3.8% during trading on Monday . The company traded as low as $3.14 and last traded at $3.2910. 7,529 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 12,329 shares. The stock had previously closed at $3.42.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a research report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Cenntro Trading Down 3.8%

The firm’s 50 day moving average price is $3.89 and its 200-day moving average price is $5.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 0.86. The stock has a market cap of $4.84 million, a P/E ratio of -0.14 and a beta of 1.31.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Renaissance Technologies LLC raised its holdings in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the period. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 at the end of the most recent quarter.

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.