Phoenix Motor Inc. (NASDAQ:PEV – Get Free Report) dropped 4.1% on Monday . The stock traded as low as $0.25 and last traded at $0.28. Approximately 1,464,917 shares changed hands during trading, a decline of 55% from the average daily volume of 3,264,102 shares. The stock had previously closed at $0.29.
Phoenix Motor Stock Performance
The firm’s 50 day simple moving average is $0.32 and its 200-day simple moving average is $0.43. The company has a market capitalization of $10.61 million, a price-to-earnings ratio of -0.91 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.64 and a current ratio of 3.07.
Phoenix Motor (NASDAQ:PEV – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $12.03 million during the quarter.
Phoenix Motor Company Profile
Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.
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