Envirotech Vehicles (NASDAQ:EVTV) Stock Price Down 0.2% – What’s Next?

Shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) traded down 0.2% during mid-day trading on Friday . The stock traded as low as $0.24 and last traded at $0.25. 272,320 shares were traded during trading, a decline of 26% from the average session volume of 368,939 shares. The stock had previously closed at $0.25.

Envirotech Vehicles Price Performance

The stock has a market capitalization of $5.71 million, a P/E ratio of -0.39 and a beta of 2.94. The company has a 50 day moving average of $0.25 and a 200-day moving average of $0.82. The company has a quick ratio of 1.55, a current ratio of 3.43 and a debt-to-equity ratio of 0.02.

Envirotech Vehicles (NASDAQ:EVTV) last released its quarterly earnings data on Tuesday, April 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. Envirotech Vehicles had a negative net margin of 789.13% and a negative return on equity of 42.63%. The company had revenue of $0.25 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC lifted its holdings in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 at the end of the most recent reporting period. 5.65% of the stock is owned by institutional investors.

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.