Volcon (NASDAQ:EMPD) Announces Quarterly Earnings Results

Volcon (NASDAQ:EMPD) announced its quarterly earnings results on Tuesday. The company reported ($0.57) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.20 million during the quarter. Volcon had a negative net margin of 1,758.79% and a negative return on equity of 27.36%.

Volcon Stock Down 1.8%

Shares of Volcon stock opened at $5.99 on Thursday. The stock’s fifty day moving average is $7.18 and its two-hundred day moving average is $7.46. Volcon has a 52 week low of $4.40 and a 52 week high of $80.80. The company has a market capitalization of $218.16 million, a PE ratio of -0.03 and a beta of -0.62.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EMPD. Wall Street Zen upgraded Volcon to a “sell” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “sell (e+)” rating on shares of Volcon in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.