GreenPower Motor Stock Set to Reverse Split on Monday, October 19th (NASDAQ:GP)

Shares of GreenPower Motor Company Inc. (NASDAQ:GP) are going to reverse split before the market opens on Monday, October 19th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 18th.

GreenPower Motor Price Performance

Shares of GP stock traded up $0.08 during trading on Thursday, hitting $0.35. The company’s stock had a trading volume of 91,021,771 shares, compared to its average volume of 317,745. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.11 and a current ratio of 1.49. The business has a fifty day moving average of $0.97 and a 200-day moving average of $1.13. GreenPower Motor has a 52 week low of $0.19 and a 52 week high of $3.30.

GreenPower Motor (NASDAQ:GP) last released its earnings results on Friday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $0.44 million during the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GP. Wall Street Zen upgraded GreenPower Motor to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GreenPower Motor has an average rating of “Reduce”.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures and distributes all-electric commercial vehicles. Its product portfolio includes transit buses, school buses, shuttle buses, cargo vans and other purpose-built vehicles intended for passenger transportation, delivery, municipal and industrial applications.

The company’s vehicle lineup includes models such as the EVstar and EVstar Cargo vans, the EV350 and EV250 transit buses, and the BEAST and Nano BEAST electric school buses. GreenPower’s vehicles are designed to support zero-emission transportation and are offered in configurations intended for a range of operating environments and passenger capacities.

Founded in 2010, GreenPower is headquartered in Vancouver, British Columbia, and serves customers primarily in North America.