Envirotech Vehicles (NASDAQ:AZIO) Shares Down 6.9% – What’s Next?

Envirotech Vehicles, Inc. (NASDAQ:AZIO)’s stock price traded down 6.9% during trading on Tuesday. The stock traded as low as $0.9504 and last traded at $0.95. Approximately 165,399 shares were traded during trading, a decline of 47% from the average daily volume of 314,662 shares. The stock had previously closed at $1.02.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen raised Envirotech Vehicles to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Envirotech Vehicles in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Envirotech Vehicles presently has an average rating of “Sell”.

Envirotech Vehicles Trading Down 2.9%

The stock’s 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $1.71.

Envirotech Vehicles (NASDAQ:AZIO) last posted its quarterly earnings results on Tuesday, August 18th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $1.54. The company had revenue of $2.66 million during the quarter, compared to analysts’ expectations of $0.17 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Envirotech Vehicles stock. Quantinno Capital Management LP acquired a new stake in shares of Envirotech Vehicles, Inc. (NASDAQ:AZIO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned 0.17% of Envirotech Vehicles at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.65% of the company’s stock.

Envirotech Vehicles Company Profile

Envirotech Vehicles develops and supplies zero-emission commercial vehicles designed for businesses, municipalities and other fleet operators. Its product portfolio has included all-electric trucks, vans and other medium-duty vehicles intended for applications such as delivery, logistics, refuse collection, shuttle transportation and industrial operations.

The company’s business is focused on helping organizations transition from conventional gasoline- and diesel-powered fleets to electric transportation.