Lion Electric (TSE:LEV) Trading Up 3.8%

The Lion Electric Company (TSE:LEVGet Free Report) traded up 3.8% on Friday . The stock traded as high as C$1.38 and last traded at C$1.38. 165,313 shares changed hands during trading, a decline of 43% from the average session volume of 291,765 shares. The stock had previously closed at C$1.33.

Analyst Upgrades and Downgrades

Separately, Desjardins cut Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Read Our Latest Research Report on LEV

Lion Electric Trading Down 3.0 %

The company has a quick ratio of 1.33, a current ratio of 2.45 and a debt-to-equity ratio of 88.29. The stock has a market cap of C$289.56 million, a PE ratio of -2.10 and a beta of 2.62. The business’s fifty day moving average is C$1.90 and its 200 day moving average is C$2.21.

Lion Electric (TSE:LEVGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.13) by C($0.04). Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%. The business had revenue of C$82.28 million during the quarter, compared to analysts’ expectations of C$128.31 million. As a group, analysts predict that The Lion Electric Company will post -0.48 earnings per share for the current year.

About Lion Electric

(Get Free Report)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.

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