Cenntro (NASDAQ:CENN) Posts Earnings Results

Cenntro (NASDAQ:CENN) issued its earnings results on Thursday. The company reported ($2.76) earnings per share for the quarter, Zacks reports. Cenntro had a negative return on equity of 102.15% and a negative net margin of 403.73%.

Cenntro Trading Up 5.6%

NASDAQ:CENN opened at $4.14 on Friday. The company has a market capitalization of $6.09 million, a PE ratio of -0.14 and a beta of 1.27. Cenntro has a 52-week low of $3.65 and a 52-week high of $64.20. The stock’s 50 day moving average price is $5.56 and its 200 day moving average price is $7.94. The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its stake in Cenntro stock. Renaissance Technologies LLC increased its holdings in Cenntro Inc. (NASDAQ:CENN) by 238.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,458 shares of the company’s stock after acquiring an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cenntro in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About Cenntro

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.