255 V. Ug Haftungsbes Bambino Sells 4,000 Shares of Sono Group (NASDAQ:SSM) Stock

Sono Group N.V. (NASDAQ:SSMGet Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $2.75, for a total transaction of $11,000.00. Following the completion of the sale, the insider owned 153,326 shares of the company’s stock, valued at $421,646.50. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Sono Group Trading Up 77.6%

Shares of Sono Group stock opened at $4.76 on Wednesday. Sono Group N.V. has a 52-week low of $2.35 and a 52-week high of $27.73. The stock has a market cap of $6.76 million, a PE ratio of -0.89 and a beta of 9.47.

Sono Group (NASDAQ:SSMGet Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($1.59) earnings per share (EPS) for the quarter. Sono Group had a negative return on equity of 50.42% and a net margin of 2,204.17%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Sono Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Report on SSM

About Sono Group

(Get Free Report)

Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.

Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.

The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.

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