ECD Automotive Design (NASDAQ:ECDA) Stock Price Down 8.8% – Should You Sell?

Shares of ECD Automotive Design, Inc. (NASDAQ:ECDA) fell 8.8% during mid-day trading on Thursday . The stock traded as low as $0.2020 and last traded at $0.2091. 914,925 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 2,016,179 shares. The stock had previously closed at $0.2294.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ECDA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of ECD Automotive Design in a research note on Wednesday, October 8th. Wall Street Zen raised ECD Automotive Design from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

ECD Automotive Design Stock Performance

The stock has a market capitalization of $497,750.00, a price-to-earnings ratio of -0.02 and a beta of -0.34. The business has a 50-day moving average of $1.22 and a 200-day moving average of $5.42.

ECD Automotive Design (NASDAQ:ECDA) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.60 EPS for the quarter. The firm had revenue of $5.78 million for the quarter. Equities analysts predict that ECD Automotive Design, Inc. will post -0.14 earnings per share for the current fiscal year.

About ECD Automotive Design

ECD Automotive Design Inc (NASDAQ: ECDA) is a full-service automotive design and engineering firm specializing in concept development, color and trim, digital visualization, and physical prototyping. The company delivers end-to-end solutions for both interior and exterior vehicle programs, encompassing clay modeling, rapid prototyping, ergonomic studies, and show-car fabrication. By integrating creative design with engineering validation, ECD helps original equipment manufacturers (OEMs) and Tier 1 suppliers advance new vehicle concepts from initial sketches through to production-ready components.

Headquartered in Charlotte, North Carolina, ECD serves clients across North America, Europe, and Asia, collaborating on projects that range from concept research and design language exploration to detailed packaging and manufacturing feasibility.