Electrameccanica Vehicles (NASDAQ:SOLO) Sees Strong Trading Volume

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Electrameccanica Vehicles Corp (NASDAQ:SOLO) shares saw an uptick in trading volume on Monday . 1,363,066 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 1,029,072 shares.The stock last traded at $2.17 and had previously closed at $1.91.

A number of analysts have recently weighed in on SOLO shares. Aegis began coverage on Electrameccanica Vehicles in a research report on Wednesday, September 18th. They set a “buy” rating and a $5.00 target price for the company. ValuEngine cut Electrameccanica Vehicles from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Investment Research upgraded Electrameccanica Vehicles from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.19.

The stock’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $2.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 9.45 and a current ratio of 9.81. The company has a market cap of $70.76 million, a P/E ratio of -5.56 and a beta of 1.53.

Electrameccanica Vehicles Company Profile (NASDAQ:SOLO)

Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.

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