Adomani (ADOM) Sees Large Volume Increase

Shares of Adomani Inc (NASDAQ:ADOM) saw an uptick in trading volume on Tuesday . 2,122,371 shares traded hands during trading, an increase of 150% from the previous session’s volume of 849,167 shares.The stock last traded at $0.37 and had previously closed at $0.36.

Several research firms recently issued reports on ADOM. Zacks Investment Research lowered Adomani from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Roth Capital reiterated a “neutral” rating on shares of Adomani in a report on Friday, May 3rd. Finally, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Adomani in a report on Thursday, February 21st.

The firm has a market capitalization of $26.59 million, a PE ratio of -2.47 and a beta of 1.73.

Adomani (NASDAQ:ADOM) last released its earnings results on Tuesday, February 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Adomani had a negative return on equity of 104.32% and a negative net margin of 169.52%. The business had revenue of $1.18 million for the quarter, compared to analyst estimates of $3.36 million. On average, equities research analysts forecast that Adomani Inc will post -0.09 earnings per share for the current year.

An institutional investor recently raised its position in Adomani stock. First Republic Investment Management Inc. boosted its holdings in shares of Adomani Inc (NASDAQ:ADOM) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 839,000 shares of the company’s stock after buying an additional 200,000 shares during the quarter. First Republic Investment Management Inc. owned approximately 1.15% of Adomani worth $325,000 at the end of the most recent reporting period. 2.57% of the stock is currently owned by hedge funds and other institutional investors.

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Adomani Company Profile (NASDAQ:ADOM)

ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.

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