Cenntro (NASDAQ:CENN) Shares Climb 2.6% – Should You Buy?

Cenntro Inc. (NASDAQ:CENN) was up 2.6% during mid-day trading on Friday. The company traded as high as $2.44 and last traded at $2.34. Approximately 30,847 shares were traded during mid-day trading, an increase of 117% from the average daily volume of 14,243 shares. The stock had previously closed at $2.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research note on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cenntro Price Performance

The stock’s 50-day moving average is $3.87 and its 200 day moving average is $3.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.92. The company has a market cap of $41.15 million, a PE ratio of -0.16 and a beta of 1.37.

Cenntro (NASDAQ:CENN) last released its earnings results on Friday, August 14th. The company reported ($4.31) earnings per share (EPS) for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

Cenntro Company Profile

Cenntro Electric Group Limited is an electric commercial vehicle company that designs, develops, manufactures and distributes battery-powered vehicles for commercial and municipal applications. Its products are intended primarily for last-mile delivery, urban transportation, service operations and other fleet uses where compact, low-emission vehicles are suitable.

The company’s vehicle portfolio has included the Metro, Logistar and Teemak lines, among other models. These vehicles are designed for applications such as parcel and cargo delivery, food and grocery distribution, facility services, and local government operations.