Exro Technologies (OTCMKTS:EXROF) Trading 14.2% Higher – Time to Buy?

Shares of Exro Technologies Inc. (OTCMKTS:EXROF) were up 14.2% on Friday . The company traded as high as $0.13 and last traded at $0.12. Approximately 1,489,732 shares traded hands during trading, an increase of 404% from the average daily volume of 295,563 shares. The stock had previously closed at $0.11.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EXROF shares. Atb Cap Markets lowered shares of Exro Technologies from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 1st. National Bank Financial cut shares of Exro Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 1st. Finally, ATB Capital cut shares of Exro Technologies to a “sector perform” rating in a research note on Wednesday, April 2nd.

Exro Technologies Stock Performance

The firm’s 50-day moving average price is $0.07 and its 200-day moving average price is $0.09. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market cap of $65.95 million, a P/E ratio of -0.24 and a beta of 1.32.

Exro Technologies (OTCMKTS:EXROF) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $4.82 million for the quarter, compared to analysts’ expectations of $8.08 million. Exro Technologies had a negative net margin of 1,533.73% and a negative return on equity of 83.07%. Sell-side analysts expect that Exro Technologies Inc. will post -0.14 earnings per share for the current fiscal year.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.