GreenPower Motor Stock Scheduled to Reverse Split on Monday, October 19th (NASDAQ:GP)

GreenPower Motor Company Inc. (NASDAQ:GP)’s stock is going to reverse split on the morning of Monday, October 19th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 18th.

GreenPower Motor Stock Performance

Shares of GP stock traded up $0.08 during mid-day trading on Thursday, hitting $0.35. 91,021,771 shares of the stock were exchanged, compared to its average volume of 1,202,161. The stock’s fifty day simple moving average is $0.97 and its two-hundred day simple moving average is $1.13. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.11 and a current ratio of 1.49. GreenPower Motor has a 12-month low of $0.19 and a 12-month high of $3.30. The stock has a market capitalization of $732,198.50, a price-to-earnings ratio of -0.51 and a beta of 1.85.

GreenPower Motor (NASDAQ:GP) last posted its earnings results on Friday, August 14th. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $0.44 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts recently commented on GP shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research report on Friday, July 17th. Wall Street Zen upgraded shares of GreenPower Motor to a “hold” rating in a research note on Saturday, July 18th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures and distributes all-electric commercial vehicles. Its product portfolio includes transit buses, school buses, shuttle buses, cargo vans and other purpose-built vehicles intended for passenger transportation, delivery, municipal and industrial applications.

The company’s vehicle lineup includes models such as the EVstar and EVstar Cargo vans, the EV350 and EV250 transit buses, and the BEAST and Nano BEAST electric school buses. GreenPower’s vehicles are designed to support zero-emission transportation and are offered in configurations intended for a range of operating environments and passenger capacities.

Founded in 2010, GreenPower is headquartered in Vancouver, British Columbia, and serves customers primarily in North America.