Cenntro (NASDAQ:CENN) Stock Price Down 2.5% – Should You Sell?

Shares of Cenntro Inc. (NASDAQ:CENN) fell 2.5% on Thursday. The stock traded as low as $3.82 and last traded at $3.97. 4,700 shares changed hands during trading, a decline of 63% from the average session volume of 12,829 shares. The stock had previously closed at $4.07.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Cenntro Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 1.65. The stock has a market capitalization of $5.56 million, a PE ratio of -0.27 and a beta of 1.37. The stock’s 50-day moving average is $3.94 and its 200 day moving average is $4.32.

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

About Cenntro

Cenntro is an electric commercial vehicle company focused on designing, manufacturing and distributing purpose-built vehicles for last-mile delivery, urban transportation and other commercial applications. Its product portfolio has included compact electric vans, cargo vehicles and utility vehicles intended for businesses, municipalities and fleet operators.

The company has marketed vehicles under product lines such as the Metro, Logistar and Teemak. These vehicles are designed for applications including local delivery, campus transportation, service operations and other short-distance commercial uses.