R. F. Lafferty Upgrades GreenPower Motor (CVE:GPV) to “Strong-Buy”

R. F. Lafferty upgraded shares of GreenPower Motor (CVE:GPV) to a strong-buy rating in a research report released on Wednesday morning, Zacks.com reports.

GreenPower Motor Price Performance

Shares of GreenPower Motor stock traded up C$0.19 during trading on Wednesday, hitting C$1.80. 10,040 shares of the company were exchanged, compared to its average volume of 8,535. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 204.48. GreenPower Motor has a fifty-two week low of C$1.01 and a fifty-two week high of C$5.13. The stock has a market capitalization of C$47.68 million, a price-to-earnings ratio of -1.58 and a beta of 3.99. The firm has a 50 day moving average price of C$1.39 and a 200 day moving average price of C$1.90.

GreenPower Motor (CVE:GPV) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.32) by C$0.03. The firm had revenue of C$4.10 million during the quarter, compared to the consensus estimate of C$6.85 million. GreenPower Motor had a negative return on equity of 120.21% and a negative net margin of 84.74%. On average, equities analysts expect that GreenPower Motor will post 0.0647549 earnings per share for the current fiscal year.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.