VivoPower PLC Ordinary Shares (NASDAQ:VIVO) Issues Quarterly Earnings Results

VivoPower PLC Ordinary Shares (NASDAQ:VIVO) announced its quarterly earnings data on Monday. The company reported ($1.07) earnings per share (EPS) for the quarter, reports. The business had revenue of $1.26 million for the quarter.

VivoPower PLC Ordinary Shares Stock Down 27.3%

Shares of VIVO stock opened at $1.60 on Wednesday. VivoPower PLC Ordinary Shares has a 12-month low of $1.20 and a 12-month high of $6.86. The stock’s 50-day moving average price is $3.31 and its 200-day moving average price is $3.95.

Analyst Upgrades and Downgrades

VIVO has been the topic of several research analyst reports. Noble Financial assumed coverage on shares of VivoPower PLC Ordinary Shares in a report on Monday, July 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VivoPower PLC Ordinary Shares in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, VivoPower PLC Ordinary Shares currently has a consensus rating of “Hold” and an average target price of $10.00.

About VivoPower PLC Ordinary Shares

VivoPower International PLC is a sustainable energy solutions company focused on the electrification of heavy-duty and off-road vehicles, distributed energy systems, and critical power infrastructure. Its activities are aimed at helping commercial, industrial, and government customers reduce reliance on fossil fuels and improve energy resilience.

Through its Tembo business, VivoPower develops electric powertrain systems and battery solutions for specialist vehicles used in sectors such as mining, agriculture, utilities, and industrial operations.