Envirotech Vehicles (NASDAQ:EVTV) Issues Quarterly Earnings Results

Envirotech Vehicles (NASDAQ:EVTV) posted its quarterly earnings results on Tuesday. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.00) by $1.69, FiscalAI reports. Envirotech Vehicles had a negative return on equity of 1,284.22% and a negative net margin of 658.70%.The business had revenue of $2.25 million for the quarter, compared to analyst estimates of $0.17 million.

Envirotech Vehicles Stock Performance

Shares of EVTV stock traded up $0.03 during mid-day trading on Tuesday, hitting $2.50. The company’s stock had a trading volume of 903,957 shares, compared to its average volume of 18,423,551. Envirotech Vehicles has a 52-week low of $0.33 and a 52-week high of $5.07. The business has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.60. The stock has a market cap of $32.33 million, a price-to-earnings ratio of -0.20 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVTV. Weiss Ratings lowered Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 18th. One equities 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 Company Profile

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.