Shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV – Get Free Report) rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $2.03 and last traded at $1.9460. 714,311 shares were traded during mid-day trading, an increase of 33% from the average session volume of 537,883 shares. The stock had previously closed at $1.94.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Weiss Ratings cut Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Envirotech Vehicles from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Envirotech Vehicles currently has a consensus rating of “Sell”.
Read Our Latest Analysis on EVTV
Envirotech Vehicles Price Performance
Institutional Investors Weigh In On Envirotech Vehicles
An institutional investor recently bought a new stake in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new stake in Envirotech Vehicles, Inc. (NASDAQ:EVTV – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & 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 reporting period. Hedge funds and other institutional investors own 5.65% of the company’s stock.
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.
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