Envirotech Vehicles (NASDAQ:EVTV) Stock Price Up 0.3% – Should You Buy?

Envirotech Vehicles, Inc. (NASDAQ:EVTV) shares traded up 0.3% during mid-day trading on Tuesday . The stock traded as high as $2.03 and last traded at $1.9460. Approximately 714,311 shares changed hands during trading, an increase of 33% from the average session volume of 537,883 shares. The stock had previously closed at $1.94.

Analysts Set New Price Targets

A number of brokerages recently commented on EVTV. Weiss Ratings lowered Envirotech Vehicles from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded shares of Envirotech Vehicles from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Envirotech Vehicles Stock Performance

The stock has a market cap of $25.16 million, a P/E ratio of -0.30 and a beta of 0.85. The firm has a 50-day moving average price of $1.90 and a 200-day moving average price of $1.82.

Envirotech Vehicles (NASDAQ:EVTV) last released its earnings results on Tuesday, May 19th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($2.00) by $1.69. The company had revenue of $2.25 million during the quarter, compared to analysts’ expectations of $0.17 million. Envirotech Vehicles had a negative return on equity of 1,284.22% and a negative net margin of 382.71%.

Institutional Trading of Envirotech Vehicles

An institutional investor recently bought a new position in Envirotech Vehicles stock. Quantinno Capital Management LP bought a new position in Envirotech Vehicles, Inc. (NASDAQ:EVTV) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,574 shares of the company’s stock, valued at approximately $38,000. Quantinno Capital Management LP owned 0.17% of Envirotech Vehicles at the end of the most recent reporting period. 5.65% of the stock is currently owned by institutional investors and hedge funds.

About Envirotech Vehicles

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.