Arcimoto (FUV) Upgraded to “Buy” by ValuEngine

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Arcimoto (NASDAQ:FUV) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

FUV has been the subject of several other research reports. Roth Capital raised their price objective on shares of Arcimoto from $9.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, February 15th. Chardan Capital set a $10.00 price objective on shares of Arcimoto and gave the company a “buy” rating in a research note on Tuesday, March 19th.

NASDAQ FUV opened at $4.52 on Wednesday. The company has a quick ratio of 3.18, a current ratio of 4.46 and a debt-to-equity ratio of 0.18. Arcimoto has a one year low of $1.55 and a one year high of $7.35. The company has a market capitalization of $84.48 million, a PE ratio of -6.46 and a beta of -0.16.

A hedge fund recently raised its stake in Arcimoto stock. Vanguard Group Inc raised its holdings in shares of Arcimoto Inc (NASDAQ:FUV) by 85.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,315 shares of the company’s stock after acquiring an additional 16,285 shares during the quarter. Vanguard Group Inc owned approximately 0.25% of Arcimoto worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.85% of the company’s stock.

About Arcimoto

Arcimoto, Inc designs, develops, manufactures, and sells three-wheeled electric vehicles. The company was formerly known as WTP Inc and changed its name to Arcimoto, Inc in December 2011. Arcimoto, Inc was founded in 2007 and is headquartered in Eugene, Oregon.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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