Envirotech Vehicles (NASDAQ:EVTV) Shares Up 0.3% – What’s Next?

Envirotech Vehicles, Inc. (NASDAQ:EVTV) shot up 0.3% on Wednesday . The company traded as high as $2.03 and last traded at $1.9460. Approximately 714,311 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 537,883 shares. The stock had previously closed at $1.94.

Wall Street Analyst Weigh In

EVTV has been the topic of several research analyst reports. Weiss Ratings downgraded Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Wall Street Zen cut Envirotech Vehicles from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Envirotech Vehicles has an average rating of “Sell”.

Envirotech Vehicles Trading Up 0.3%

The company has a market capitalization of $25.16 million, a price-to-earnings ratio of -0.30 and a beta of 0.85. The stock’s fifty day simple moving average is $1.80 and its 200-day simple moving average is $1.90.

Envirotech Vehicles (NASDAQ:EVTV) last posted its quarterly earnings results on Tuesday, May 19th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($2.00) by $1.69. The business had revenue of $2.25 million during the quarter, compared to the consensus estimate of $0.17 million. Envirotech Vehicles had a negative net margin of 382.71% and a negative return on equity of 1,284.22%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new position in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned approximately 0.17% of Envirotech Vehicles at the end of the most recent reporting period. 5.65% of the stock is owned by institutional investors and hedge funds.

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.