Cenntro (NASDAQ:CENN) Shares Down 2.7% – Time to Sell?

Cenntro Inc. (NASDAQ:CENN) shares dropped 2.7% on Friday . The stock traded as low as $3.55 and last traded at $3.56. Approximately 5,385 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 14,823 shares. The stock had previously closed at $3.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cenntro presently has a consensus rating of “Sell”.

Cenntro Trading Down 2.7%

The stock has a fifty day moving average of $4.07 and a 200-day moving average of $6.57. The company has a market cap of $5.23 million, a PE ratio of -0.15 and a beta of 1.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 1.69.

Cenntro (NASDAQ:CENN) last released its earnings results on Wednesday, April 15th. The company reported ($53.61) earnings per share for the quarter. The business had revenue of $4.96 million during the quarter. Cenntro had a negative return on equity of 115.54% and a negative net margin of 415.39%.

Institutional Investors Weigh In On Cenntro

An institutional investor recently raised its stake in Cenntro stock. Renaissance Technologies LLC lifted its position in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 at the end of the most recent quarter.

About Cenntro

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.