Cenntro (NASDAQ:CENN) Posts Earnings Results

Cenntro (NASDAQ:CENN) announced its quarterly earnings results on Wednesday. The company reported ($53.61) EPS for the quarter, FiscalAI reports. Cenntro had a negative return on equity of 43.31% and a negative net margin of 214.49%.The company had revenue of $4.96 million during the quarter.

Cenntro Trading Down 4.5%

Shares of NASDAQ CENN opened at $3.84 on Friday. The firm has a 50 day moving average of $6.77 and a 200 day moving average of $10.29. The firm has a market capitalization of $5.64 million, a price-to-earnings ratio of -7.53 and a beta of 1.66. Cenntro has a 12-month low of $3.65 and a 12-month high of $66.00.

Institutional Trading of Cenntro

A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC raised its position in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned 0.36% of Cenntro worth $43,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Cenntro

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.