Vicinity Motor (NASDAQ:VEV) Receives Sell Rating from Alliance Global Partners

Alliance Global Partners reiterated their sell rating on shares of Vicinity Motor (NASDAQ:VEV) in a report released on Friday, Benzinga reports.

Vicinity Motor Stock Down 23.6 %

NASDAQ:VEV opened at $0.05 on Friday. Vicinity Motor has a 52 week low of $0.04 and a 52 week high of $0.97. The company has a market cap of $2.37 million, a PE ratio of -0.13 and a beta of 0.44. The business’s 50 day moving average is $0.13 and its two-hundred day moving average is $0.45.

About Vicinity Motor

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.