GreenPower Motor (CVE:GPV) Raised to Strong-Buy at R. F. Lafferty

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

GreenPower Motor Stock Performance

CVE GPV opened at C$2.20 on Wednesday. GreenPower Motor has a 1-year low of C$1.01 and a 1-year high of C$5.09. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 204.48. The company has a 50 day moving average of C$1.40 and a 200-day moving average of C$1.89. The firm has a market cap of C$58.28 million, a price-to-earnings ratio of -1.93 and a beta of 3.99.

GreenPower Motor (CVE:GPV) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.32) by C$0.03. GreenPower Motor had a negative net margin of 84.74% and a negative return on equity of 120.21%. The firm had revenue of C$4.10 million for the quarter, compared to analyst estimates of C$6.85 million. On average, equities analysts forecast 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.