Blink Charging Co (NASDAQ:BLNK) traded up 6.1% during trading on Wednesday . The stock traded as high as $2.79 and last traded at $2.78. 257,900 shares changed hands during trading, a decline of 71% from the average session volume of 882,257 shares. The stock had previously closed at $2.62.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Blink Charging from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Friday, April 5th. HC Wainwright restated a “buy” rating and set a $5.00 price target on shares of Blink Charging in a research note on Wednesday, April 3rd.

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.11 and a quick ratio of 3.69. The company has a market capitalization of $65.99 million, a P/E ratio of -2.14 and a beta of 5.23.

Blink Charging (NASDAQ:BLNK) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. Blink Charging had a negative return on equity of 46.68% and a negative net margin of 282.45%. The business had revenue of $0.58 million during the quarter, compared to analysts’ expectations of $0.61 million. Analysts forecast that Blink Charging Co will post -0.39 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new position in Blink Charging in the fourth quarter worth $26,000. Raymond James Financial Services Advisors Inc. purchased a new position in Blink Charging in the first quarter worth $33,000. Raymond James & Associates raised its position in Blink Charging by 44.6% in the first quarter. Raymond James & Associates now owns 14,600 shares of the company’s stock worth $46,000 after acquiring an additional 4,500 shares in the last quarter. BlackRock Inc. raised its position in Blink Charging by 77.4% in the fourth quarter. BlackRock Inc. now owns 47,598 shares of the company’s stock worth $82,000 after acquiring an additional 20,765 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in Blink Charging in the fourth quarter worth $128,000. Institutional investors and hedge funds own 12.74% of the company’s stock.

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Blink Charging Company Profile (NASDAQ:BLNK)

Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.

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