Cenntro (NASDAQ:CENN – Get Free Report) released its earnings results on Thursday. The company reported ($2.76) earnings per share for the quarter, Zacks reports. Cenntro had a negative net margin of 403.73% and a negative return on equity of 102.15%.
Cenntro Trading Up 5.6%
CENN stock traded up $0.22 during mid-day trading on Thursday, reaching $4.14. The company’s stock had a trading volume of 15,348 shares, compared to its average volume of 28,900. The company has a market cap of $6.09 million, a price-to-earnings ratio of -0.14 and a beta of 1.27. The business’s 50 day moving average price is $5.62 and its 200 day moving average price is $8.00. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.03. Cenntro has a 12 month low of $3.65 and a 12 month high of $64.20.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Institutional Investors Weigh In On Cenntro
A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC raised its holdings in Cenntro Inc. (NASDAQ:CENN – Free Report) by 238.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned 0.36% of Cenntro worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Cenntro Company Profile
Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.
Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.
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