Sono Group (NASDAQ:SSM – Get Free Report) issued its quarterly earnings data on Friday. The company reported ($1.59) earnings per share (EPS) for the quarter, Zacks reports. Sono Group had a negative return on equity of 50.42% and a net margin of 2,204.17%.
Sono Group Stock Up 1.2%
Shares of NASDAQ SSM traded up $0.03 during midday trading on Friday, hitting $2.63. The stock had a trading volume of 67,729 shares, compared to its average volume of 123,336. Sono Group has a 1-year low of $2.37 and a 1-year high of $27.73.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings assumed coverage on shares of Sono Group in a report on Friday, August 7th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Insider Buying and Selling at Sono Group
In related news, major shareholder 255 V. V Ug Haftungsbes Bambino sold 20,091 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $3.24, for a total transaction of $65,094.84. Following the completion of the sale, the insider directly owned 157,326 shares of the company’s stock, valued at approximately $509,736.24. This represents a 11.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.00% of the company’s stock.
About Sono Group
Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.
Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.
The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.
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