Envirotech Vehicles (NASDAQ:EVTV) Posts Earnings Results, Beats Expectations By $1.69 EPS

Envirotech Vehicles (NASDAQ:EVTV) announced its quarterly earnings results on Tuesday. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $1.69, FiscalAI reports. Envirotech Vehicles had a negative net margin of 382.71% and a negative return on equity of 1,284.22%. The firm had revenue of $2.25 million during the quarter, compared to analyst estimates of $0.17 million.

Envirotech Vehicles Trading Down 9.6%

EVTV opened at $2.26 on Thursday. Envirotech Vehicles has a 12-month low of $0.33 and a 12-month high of $5.07. The company has a market cap of $29.22 million, a price-to-earnings ratio of -0.35 and a beta of 0.80. The company’s 50 day moving average is $1.81 and its 200 day moving average is $1.61.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings upgraded shares of Envirotech Vehicles from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Envirotech Vehicles from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Envirotech Vehicles

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks. The company also offers vehicle maintenance and safety inspection services. It serves commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities.