GreenPower Motor (NASDAQ:GP) Issues Quarterly Earnings Results, Beats Estimates By $2.72 EPS

GreenPower Motor (NASDAQ:GP) released its quarterly earnings data on Thursday. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of ($1.40) by $2.72, Zacks reports. The business had revenue of $8.50 million during the quarter, compared to analyst estimates of $8.99 million.

GreenPower Motor Stock Performance

Shares of GP traded up $0.31 during mid-day trading on Friday, hitting $1.27. The company’s stock had a trading volume of 9,174,450 shares, compared to its average volume of 76,626. The stock’s 50-day moving average is $0.95 and its two-hundred day moving average is $2.17. The firm has a market capitalization of $3.91 million, a PE ratio of -0.23 and a beta of 1.87. GreenPower Motor has a one year low of $0.74 and a one year high of $7.70.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of GreenPower Motor in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, GreenPower Motor presently has an average rating of “Sell”.

Institutional Trading of GreenPower Motor

An institutional investor recently bought a new position in GreenPower Motor stock. DRW Securities LLC acquired a new position in shares of GreenPower Motor Company Inc. (NASDAQ:GP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 55,189 shares of the company’s stock, valued at approximately $43,000. DRW Securities LLC owned approximately 1.79% of GreenPower Motor at the end of the most recent quarter. 1.69% of the stock is owned by institutional investors and hedge funds.

About GreenPower Motor

GreenPower Motor Company Inc (NASDAQ: GP) is a designer, manufacturer and distributor of zero-emission electric vehicles, with a focus on heavy-duty transit buses, school buses, shuttles and medium-duty trucks. The company develops its vehicles on proprietary electric platforms, integrating battery and drivetrain technology to deliver fully battery-powered solutions for public transit agencies, school districts and commercial fleet operators.

GreenPower’s product lineup includes full-sized electric transit buses available in various lengths and configurations, purpose-built electric school buses designed to meet safety standards and reduce operating costs, and medium-duty electric delivery vehicles tailored for last-mile logistics.