The Lion Electric Company (TSE:LEV – Get Free Report) shares were down 2.7% during trading on Wednesday . The company traded as low as C$1.40 and last traded at C$1.44. Approximately 425,699 shares were traded during trading, an increase of 48% from the average daily volume of 287,805 shares. The stock had previously closed at C$1.48.
Wall Street Analyst Weigh In
Separately, Desjardins cut shares of Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
Get Our Latest Stock Analysis on LEV
Lion Electric Trading Down 3.0 %
Lion Electric (TSE:LEV – Get Free Report) last announced its earnings results on Thursday, February 29th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.13) by C($0.04). Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%. The firm had revenue of C$82.28 million during the quarter, compared to analyst estimates of C$128.31 million. Analysts forecast that The Lion Electric Company will post -0.48 EPS for the current year.
About Lion Electric
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.
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