Envirotech Vehicles (NASDAQ:EVTV) Stock Price Down 11.2% – Should You Sell?

Envirotech Vehicles, Inc. (NASDAQ:EVTV) shares dropped 11.2% during trading on Monday . The company traded as low as $0.3552 and last traded at $0.3859. Approximately 793,266 shares traded hands during trading, a decline of 64% from the average daily volume of 2,188,372 shares. The stock had previously closed at $0.4348.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EVTV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Wednesday, October 8th. Wall Street Zen upgraded Envirotech Vehicles to a “sell” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Envirotech Vehicles has a consensus rating of “Sell”.

Envirotech Vehicles Trading Down 5.4%

The stock has a market cap of $1.27 million, a price-to-earnings ratio of -0.03 and a beta of 0.42. The firm’s 50 day moving average is $1.08 and its two-hundred day moving average is $1.62.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.