Wall Street Zen Upgrades Envirotech Vehicles (NASDAQ:EVTV) to Hold

Envirotech Vehicles (NASDAQ:EVTV) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Envirotech Vehicles has a consensus rating of “Sell”.

Envirotech Vehicles Stock Performance

Envirotech Vehicles stock opened at $1.77 on Friday. The firm has a market capitalization of $22.89 million, a P/E ratio of -0.14 and a beta of 0.76. The stock has a fifty day moving average price of $1.73 and a 200 day moving average price of $1.54. Envirotech Vehicles has a 52 week low of $0.33 and a 52 week high of $5.07.

Envirotech Vehicles (NASDAQ:EVTV) last released its earnings results on Monday, April 13th. The company reported ($2.34) EPS for the quarter. The business had revenue of $2.49 million during the quarter. Envirotech Vehicles had a negative net margin of 658.70% and a negative return on equity of 1,284.22%.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.