GreenPower Motor (NASDAQ:GP) Announces Quarterly Earnings Results

GreenPower Motor (NASDAQ:GP) announced its quarterly earnings results on Wednesday. The company reported $0.51 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.85 million during the quarter.

GreenPower Motor Stock Down 8.4%

GP stock opened at $1.42 on Thursday. GreenPower Motor has a 52 week low of $0.74 and a 52 week high of $6.42. The firm has a market capitalization of $7.14 million, a P/E ratio of -0.55 and a beta of 1.69. The company has a fifty day simple moving average of $1.20 and a two-hundred day simple moving average of $1.08.

Institutional Trading of GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC purchased a new stake in GreenPower Motor Company Inc. (NASDAQ:GP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned about 1.79% of GreenPower Motor at the end of the most recent quarter. Hedge funds and other institutional investors own 1.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BTIG Research reaffirmed a “neutral” rating on shares of GreenPower Motor in a report on Friday, April 10th. Weiss Ratings restated a “sell (e+)” rating on shares of GreenPower Motor in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, GreenPower Motor presently has an average rating of “Reduce”.

GreenPower Motor Company Profile

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.