National Bank Financial Downgrades Exro Technologies (OTCMKTS:EXROF) to Hold

National Bank Financial cut shares of Exro Technologies (OTCMKTS:EXROF) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Exro Technologies Trading Down 13.1 %

Exro Technologies stock opened at $0.21 on Thursday. The firm has a market cap of $73.32 million and a price-to-earnings ratio of -0.87. Exro Technologies has a 1 year low of $0.17 and a 1 year high of $1.80. The firm’s 50 day moving average price is $0.38 and its two-hundred day moving average price is $0.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.74 and a current ratio of 0.90.

Exro Technologies (OTCMKTS:EXROF) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $3.85 million during the quarter, compared to analyst estimates of $16.75 million. Exro Technologies had a negative return on equity of 139.09% and a negative net margin of 826.56%. On average, research analysts predict that Exro Technologies will post -0.12 EPS for the current fiscal year.

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.