Cenntro (NASDAQ:CENN) Posts Quarterly Earnings Results

by · The Cerbat Gem

Cenntro (NASDAQ:CENN – Get Free Report) released its earnings results on Thursday. The company reported ($2.76) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.21 million during the quarter. Cenntro had a negative return on equity of 103.26% and a negative net margin of 415.39%.

Cenntro Price Performance

Shares of CENN traded up $0.06 on Friday, hitting $4.20. The company’s stock had a trading volume of 17,636 shares, compared to its average volume of 27,414. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 0.89. The company has a market capitalization of $6.17 million, a PE ratio of -0.14 and a beta of 1.27. The company has a 50 day moving average price of $5.50 and a 200 day moving average price of $7.91. Cenntro has a fifty-two week low of $3.65 and a fifty-two week high of $64.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cenntro stock. Geode Capital Management LLC lifted its holdings in shares of Cenntro Inc. (NASDAQ:CENN – Free Report) by 250.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,371,391 shares of the company’s stock after acquiring an additional 980,466 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Cenntro worth $187,000 as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Report on CENN

Cenntro Company Profile

(Get Free Report)

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.

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