GreenPower Motor’s (GP) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reiterated their buy rating on shares of GreenPower Motor (NASDAQ:GP) in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a $3.00 price target on the stock.

GreenPower Motor Trading Down 2.6 %

Shares of GP stock opened at $1.84 on Tuesday. The stock has a 50-day moving average of $1.97 and a 200-day moving average of $2.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 0.40. GreenPower Motor has a 1-year low of $1.62 and a 1-year high of $6.05.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Tuesday, February 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.05). GreenPower Motor had a negative net margin of 31.47% and a negative return on equity of 66.07%. The business had revenue of $8.16 million for the quarter, compared to the consensus estimate of $12.00 million. During the same quarter in the previous year, the company earned ($0.14) EPS. As a group, analysts expect that GreenPower Motor will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GreenPower Motor stock. Commonwealth Equity Services LLC lifted its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 31.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,123 shares of the company’s stock after acquiring an additional 10,900 shares during the quarter. Commonwealth Equity Services LLC owned 0.18% of GreenPower Motor worth $142,000 at the end of the most recent quarter. 1.69% of the stock is currently owned by institutional investors and hedge funds.

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.