GreenPower Motor (CVE:GPV) Trading 14.7% Higher – Still a Buy?

GreenPower Motor Company Inc. (CVE:GPV)’s share price shot up 14.7% during trading on Thursday . The company traded as high as C$1.87 and last traded at C$1.87. 31,619 shares changed hands during mid-day trading, an increase of 207% from the average session volume of 10,303 shares. The stock had previously closed at C$1.63.

Wall Street Analyst Weigh In

Separately, R. F. Lafferty upgraded shares of GreenPower Motor to a “strong-buy” rating in a report on Wednesday, September 11th.

GreenPower Motor Trading Up 14.7 %

The company’s 50 day simple moving average is C$1.62 and its two-hundred day simple moving average is C$1.70. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 204.48. The company has a market capitalization of C$49.54 million, a price-to-earnings ratio of -1.65 and a beta of 4.07.

GreenPower Motor (CVE:GPV) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.32) by C$0.03. GreenPower Motor had a negative return on equity of 120.21% and a negative net margin of 84.74%. The firm had revenue of C$4.10 million during the quarter, compared to analysts’ expectations of C$6.85 million. As a group, research analysts anticipate that GreenPower Motor Company Inc. will post 0.0647549 earnings per share for the current fiscal year.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.