Arcimoto (FUV) Hits New 52-Week Low at $2.09
Arcimoto Inc (NASDAQ:FUV)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $2.09 and last traded at $2.13, with a volume of 500 shares trading hands. The stock had previously closed at $2.30.
Separately, Roth Capital initiated coverage on shares of Arcimoto in a research note on Thursday, November 1st. They issued a “buy” rating and a $9.00 target price on the stock.
The company has a current ratio of 8.37, a quick ratio of 7.26 and a debt-to-equity ratio of 0.12. The company has a market cap of $47.09 million, a P/E ratio of -9.08 and a beta of 0.25.
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Arcimoto Company Profile (NASDAQ:FUV)
Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.
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