Cenntro (NASDAQ:CENN) Posts Quarterly Earnings Results

Cenntro (NASDAQ:CENN) issued its quarterly earnings data on Friday. The company reported ($4.31) earnings per share for the quarter, Zacks reports. Cenntro had a negative return on equity of 115.54% and a negative net margin of 415.39%.

Cenntro Stock Performance

Shares of CENN traded up $0.09 during trading hours on Friday, reaching $3.50. 7,610 shares of the company traded hands, compared to its average volume of 4,886. The stock has a market capitalization of $5.14 million, a P/E ratio of -0.15 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 1.69 and a debt-to-equity ratio of 0.08. Cenntro has a 12-month low of $3.07 and a 12-month high of $39.60. The business has a fifty day moving average price of $3.56 and a 200-day moving average price of $5.16.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cenntro has an average rating of “Sell”.

Institutional Trading of Cenntro

An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC raised its position in shares of Cenntro Inc. (NASDAQ:CENN) by 250.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,371,391 shares of the company’s stock after purchasing an additional 980,466 shares during the quarter. Geode Capital Management LLC owned 1.56% of Cenntro worth $187,000 at the end of the most recent reporting period.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.