Cenntro (NASDAQ:CENN) Releases Quarterly Earnings Results

Cenntro (NASDAQ:CENN) released its quarterly earnings results on Friday. The company reported ($4.31) EPS for the quarter, Zacks reports. Cenntro had a negative return on equity of 115.54% and a negative net margin of 415.39%.

Cenntro Trading Up 2.6%

CENN opened at $3.50 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.86 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $5.13 million, a PE ratio of -0.15 and a beta of 1.33. Cenntro has a 1-year low of $3.07 and a 1-year high of $39.60. The firm has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $5.16.

Hedge Funds Weigh In On Cenntro

An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC increased its stake in shares of Cenntro Inc. (NASDAQ:CENN) by 250.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,391 shares of the company’s stock after purchasing an additional 980,466 shares during the quarter. Geode Capital Management LLC owned about 1.56% of Cenntro worth $187,000 at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently 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.