GreenPower Motor (NASDAQ:GP) Shares to Reverse Split on Monday, October 19th

Shares of GreenPower Motor Company Inc. (NASDAQ:GP) are set to reverse split before the market opens on Monday, October 19th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 18th.

GreenPower Motor Stock Performance

NASDAQ GP traded up $0.08 during trading hours on Thursday, hitting $0.35. 91,021,771 shares of the company’s stock traded hands, compared to its average volume of 317,745. The business’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $1.12. The company has a current ratio of 1.49, a quick ratio of 0.11 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $731,850.00, a P/E ratio of -0.51 and a beta of 1.85. GreenPower Motor has a 52 week low of $0.19 and a 52 week high of $3.30.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Friday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter. The company had revenue of $0.44 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GreenPower Motor in a report on Friday, July 17th. Wall Street Zen raised GreenPower Motor to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures and distributes all-electric commercial vehicles. Its product portfolio includes transit buses, school buses, shuttle buses, cargo vans and other purpose-built vehicles intended for passenger transportation, delivery, municipal and industrial applications.

The company’s vehicle lineup includes models such as the EVstar and EVstar Cargo vans, the EV350 and EV250 transit buses, and the BEAST and Nano BEAST electric school buses. GreenPower’s vehicles are designed to support zero-emission transportation and are offered in configurations intended for a range of operating environments and passenger capacities.

Founded in 2010, GreenPower is headquartered in Vancouver, British Columbia, and serves customers primarily in North America.