Envirotech Vehicles (NASDAQ:AZIO) Raised to Sell at Wall Street Zen

Envirotech Vehicles (NASDAQ:AZIO) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Envirotech Vehicles Stock Performance

NASDAQ:AZIO opened at $1.19 on Friday. The firm has a market capitalization of $19.60 million, a PE ratio of -0.24 and a beta of 0.87. The stock has a 50 day moving average of $1.90 and a 200-day moving average of $1.82. Envirotech Vehicles has a 52 week low of $0.33 and a 52 week high of $5.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new position in Envirotech Vehicles, Inc. (NASDAQ:AZIO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned about 0.17% of Envirotech Vehicles at the end of the most recent quarter. 5.65% of the stock is owned by institutional investors.

Envirotech Vehicles Company Profile

Envirotech Vehicles, Inc (NASDAQ: EVTV) develops and manufactures zero-emission electric vehicles and related powertrain systems for commercial and government fleets. The company focuses on purpose-built vehicles designed to help organizations reduce fuel consumption, emissions and operating costs.

Its product portfolio includes all-electric commercial trucks, vans, buses and specialty vehicles. Envirotech Vehicles targets applications such as last-mile delivery, logistics, municipal services, school transportation and other fleet operations that require medium-duty transportation solutions.

The company serves customers primarily in the United States and has developed domestic manufacturing capabilities to support the production and deployment of its electric vehicles.