Exro Technologies (OTCMKTS:EXROF) Announces Quarterly Earnings Results, Hits Estimates

Exro Technologies (OTCMKTS:EXROF) issued its quarterly earnings data on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04), reports. The firm had revenue of $3.85 million during the quarter, compared to analysts’ expectations of $16.75 million. Exro Technologies had a negative return on equity of 139.09% and a negative net margin of 826.56%.

Exro Technologies Price Performance

Shares of EXROF stock traded down $0.03 during trading hours on Friday, hitting $0.21. The company’s stock had a trading volume of 346,325 shares, compared to its average volume of 125,722. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $0.38 and a 200-day moving average of $0.50. Exro Technologies has a twelve month low of $0.17 and a twelve month high of $1.80. The stock has a market cap of $73.30 million and a price-to-earnings ratio of -0.87.

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.