Vicinity Motor (NASDAQ:VEV) Earns Sell Rating from Alliance Global Partners

Vicinity Motor (NASDAQ:VEV)‘s stock had its “sell” rating restated by equities research analysts at Alliance Global Partners in a research note issued on Friday, Benzinga reports.

Vicinity Motor Price Performance

VEV stock traded down $0.02 during mid-day trading on Friday, reaching $0.05. The company had a trading volume of 21,955,002 shares, compared to its average volume of 3,347,651. The stock has a 50 day simple moving average of $0.14 and a two-hundred day simple moving average of $0.45. The company has a market capitalization of $2.27 million, a price-to-earnings ratio of -0.12 and a beta of 0.44. Vicinity Motor has a 52 week low of $0.04 and a 52 week high of $0.97.

Vicinity Motor Company Profile

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.