Exro Technologies (OTCMKTS:EXROF) Stock Rating Lowered by National Bank Financial

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

Exro Technologies Trading Down 13.1 %

OTCMKTS EXROF opened at $0.21 on Thursday. Exro Technologies has a 12 month low of $0.17 and a 12 month high of $1.80. 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 stock’s fifty day moving average price is $0.38 and its 200-day moving average price is $0.50. The stock has a market cap of $73.30 million and a P/E ratio of -0.87.

Exro Technologies (OTCMKTS:EXROF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $3.85 million for the quarter, compared to the consensus estimate of $16.75 million. Exro Technologies had a negative net margin of 826.56% and a negative return on equity of 139.09%. As a group, equities analysts forecast that Exro Technologies will post -0.12 EPS for the current fiscal year.

Exro Technologies Company Profile

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.