GreenPower Motor (NASDAQ:GP) Posts Earnings Results

GreenPower Motor (NASDAQ:GPGet Free Report) announced its earnings results on Monday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.10), reports. The business had revenue of $8.44 million for the quarter, compared to analysts’ expectations of $19.37 million. GreenPower Motor had a negative net margin of 26.43% and a negative return on equity of 52.83%.

GreenPower Motor Price Performance

Shares of GP stock opened at $3.06 on Wednesday. The company’s 50-day simple moving average is $3.19 and its two-hundred day simple moving average is $3.23. GreenPower Motor has a one year low of $1.67 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.57 and a current ratio of 2.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. B. Riley raised their target price on shares of GreenPower Motor from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Maxim Group decreased their price target on GreenPower Motor from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Monday, October 23rd.

View Our Latest Report on GreenPower Motor

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GP. Renaissance Technologies LLC lifted its position in shares of GreenPower Motor by 31.9% in the 3rd quarter. Renaissance Technologies LLC now owns 250,718 shares of the company’s stock worth $584,000 after purchasing an additional 60,618 shares during the period. Marshall Wace LLP lifted its stake in shares of GreenPower Motor by 487.6% during the third quarter. Marshall Wace LLP now owns 172,993 shares of the company’s stock worth $403,000 after buying an additional 143,551 shares during the period. Osaic Holdings Inc. lifted its position in GreenPower Motor by 38.0% during the 2nd quarter. Osaic Holdings Inc. now owns 58,662 shares of the company’s stock worth $154,000 after acquiring an additional 16,153 shares during the period. Susquehanna International Group LLP grew its stake in GreenPower Motor by 121.6% during the 1st quarter. Susquehanna International Group LLP now owns 32,581 shares of the company’s stock valued at $75,000 after purchasing an additional 17,881 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of GreenPower Motor by 112.2% in the first quarter. Royal Bank of Canada now owns 8,272 shares of the company’s stock valued at $56,000 after purchasing an additional 4,373 shares during the period. 1.32% of the stock is currently owned by hedge funds and other institutional investors.

About GreenPower Motor

(Get Free Report)

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.

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Earnings History for GreenPower Motor (NASDAQ:GP)

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