Cenntro (NASDAQ:CENN) Trading 0.2% Higher – Here’s Why

Shares of Cenntro Inc. (NASDAQ:CENN) rose 0.2% on Thursday . The company traded as high as $4.29 and last traded at $4.19. Approximately 15,686 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 20,106 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Cenntro presently has a consensus rating of “Sell”.

Cenntro Price Performance

The business’s fifty day moving average price is $3.64 and its 200 day moving average price is $4.58. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.92. The stock has a market cap of $6.16 million, a P/E ratio of -0.29 and a beta of 1.31.

Cenntro (NASDAQ:CENN) last announced its quarterly earnings results on Friday, August 14th. The company reported ($4.31) earnings per share (EPS) for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

Institutional Trading of Cenntro

An institutional investor recently raised its stake in Cenntro stock. Renaissance Technologies LLC grew its stake in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 as of its most recent SEC filing.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.