Dropcar (NASDAQ:DCAR) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Dropcar (NASDAQ:DCAR) from a buy rating to a hold rating in a research note released on Wednesday morning, ValuEngine reports.

Shares of Dropcar stock traded up $0.02 during mid-day trading on Wednesday, hitting $0.73. The stock had a trading volume of 29,900 shares, compared to its average volume of 344,100. The firm has a 50-day moving average of $0.77 and a two-hundred day moving average of $1.51. Dropcar has a 12-month low of $0.54 and a 12-month high of $6.36.

Dropcar (NASDAQ:DCAR) last posted its quarterly earnings results on Wednesday, August 14th. The technology company reported ($0.24) earnings per share for the quarter. Dropcar had a negative net margin of 158.72% and a negative return on equity of 215.58%. The firm had revenue of $1.25 million during the quarter.

Dropcar Company Profile

DropCar, Inc provides app-based automotive logistics and mobility services for consumers and the automotive industry. The company offers Vehicle Support Platform, a cloud-based platform and mobile app that help consumers and automotive-related companies in reducing the cost, hassles, and inefficiencies of owning a car or fleet of cars in urban centers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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