Envirotech Vehicles (NASDAQ:AZIO) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of Envirotech Vehicles (NASDAQ:AZIO) to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Envirotech Vehicles in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Envirotech Vehicles presently has a consensus rating of “Sell”.

Envirotech Vehicles Stock Up 2.6%

Shares of NASDAQ AZIO opened at $1.19 on Friday. Envirotech Vehicles has a 52 week low of $0.33 and a 52 week high of $5.07. The firm’s fifty day moving average is $1.90 and its 200 day moving average is $1.82. The company has a market cap of $19.60 million, a price-to-earnings ratio of -0.24 and a beta of 0.87.

Hedge Funds Weigh In On Envirotech Vehicles

A hedge fund recently bought a new stake in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new stake in shares of Envirotech Vehicles, Inc. (NASDAQ:AZIO) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors own 5.65% of the company’s stock.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc (NASDAQ: EVTV) develops and manufactures zero-emission electric vehicles and related powertrain systems for commercial and government fleets. The company focuses on purpose-built vehicles designed to help organizations reduce fuel consumption, emissions and operating costs.

Its product portfolio includes all-electric commercial trucks, vans, buses and specialty vehicles. Envirotech Vehicles targets applications such as last-mile delivery, logistics, municipal services, school transportation and other fleet operations that require medium-duty transportation solutions.

The company serves customers primarily in the United States and has developed domestic manufacturing capabilities to support the production and deployment of its electric vehicles.