ECD Automotive Design (NASDAQ:ECDA) Releases Earnings Results

ECD Automotive Design (NASDAQ:ECDA) released its earnings results on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $5.78 million during the quarter.

ECD Automotive Design Stock Down 7.9%

ECDA opened at $0.55 on Friday. ECD Automotive Design has a 52-week low of $0.53 and a 52-week high of $43.20. The company has a 50 day moving average of $2.58 and a two-hundred day moving average of $7.12. The company has a market cap of $790,250.00, a P/E ratio of -0.05 and a beta of -0.63.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ECDA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ECD Automotive Design in a research note on Wednesday, October 8th. Wall Street Zen raised shares of ECD Automotive Design from a “strong sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About ECD Automotive Design

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.