Blink Charging Co (NASDAQ:BLNK) shares were up 6.3% on Friday . The company traded as high as $2.07 and last traded at $2.02, approximately 306,789 shares traded hands during trading. A decline of 40% from the average daily volume of 511,613 shares. The stock had previously closed at $1.90.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Blink Charging from a “sell” rating to a “hold” rating in a report on Monday, November 25th. ThinkEquity began coverage on Blink Charging in a research note on Monday, August 26th. They issued a “buy” rating and a $5.00 price target for the company.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.68 and a current ratio of 2.96. The firm has a 50-day moving average of $1.96 and a 200-day moving average of $2.45.
An institutional investor recently bought a new position in Blink Charging stock. Virtu Financial LLC acquired a new stake in shares of Blink Charging Co (NASDAQ:BLNK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 52,957 shares of the company’s stock, valued at approximately $138,000. Virtu Financial LLC owned about 0.20% of Blink Charging at the end of the most recent reporting period. 11.42% of the stock is currently owned by institutional investors and hedge funds.
About Blink Charging (NASDAQ:BLNK)
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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