GreenPower Motor (NASDAQ:GP) Given Buy Rating at Roth Mkm

Roth Mkm reissued their buy rating on shares of GreenPower Motor (NASDAQ:GP) in a research report report published on Tuesday, Benzinga reports. They currently have a $3.00 price objective on the stock.

GreenPower Motor Price Performance

GP stock opened at $1.88 on Tuesday. The firm has a market cap of $46.98 million, a price-to-earnings ratio of -2.98 and a beta of 3.40. The company has a quick ratio of 0.40, a current ratio of 1.86 and a debt-to-equity ratio of 0.26. GreenPower Motor has a 12-month low of $1.62 and a 12-month high of $6.05. The company’s fifty day simple moving average is $2.00 and its 200 day simple moving average is $2.62.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Tuesday, February 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.05). The firm had revenue of $8.16 million during the quarter, compared to analyst estimates of $12.00 million. GreenPower Motor had a negative net margin of 31.47% and a negative return on equity of 66.07%. During the same quarter in the previous year, the firm earned ($0.14) EPS. On average, analysts expect that GreenPower Motor will post -0.63 earnings per share for the current year.

Institutional Investors Weigh In On GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Commonwealth Equity Services LLC increased its holdings in GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,123 shares of the company’s stock after acquiring an additional 10,900 shares during the period. Commonwealth Equity Services LLC owned about 0.18% of GreenPower Motor worth $142,000 at the end of the most recent quarter. 1.69% of the stock is currently owned by institutional investors and hedge funds.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.