Cenntro (NASDAQ:CENN) Releases Earnings Results

Cenntro (NASDAQ:CENN) released its earnings results on Friday. The company reported ($4.31) earnings per share (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 Price Performance

NASDAQ:CENN traded up $0.09 during mid-day trading on Friday, reaching $3.50. The stock had a trading volume of 7,610 shares, compared to its average volume of 4,886. Cenntro has a 12 month low of $3.07 and a 12 month high of $39.60. The stock has a market capitalization of $5.14 million, a PE ratio of -0.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 0.86. The stock has a 50-day simple moving average of $3.56 and a two-hundred day simple moving average of $5.16.

Institutional Investors Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Renaissance Technologies LLC lifted its holdings in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the period. Renaissance Technologies LLC owned about 0.36% of Cenntro worth $43,000 as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

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

Cenntro Company Profile

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.