Cenntro (NASDAQ:CENN) Shares Up 3.9% – Here’s Why

Cenntro Inc. (NASDAQ:CENN) shot up 3.9% during trading on Thursday . The company traded as high as $4.73 and last traded at $4.54. 12,273 shares traded hands during trading, an increase of 2% from the average session volume of 12,039 shares. The stock had previously closed at $4.37.

Wall Street Analyst Weigh In

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

Cenntro Trading Down 4.2%

The company has a quick ratio of 0.86, a current ratio of 1.69 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.37 million, a price-to-earnings ratio of -0.19 and a beta of 1.31. The business’s fifty day moving average is $4.76 and its two-hundred day moving average is $7.17.

Cenntro (NASDAQ:CENN) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($53.61) earnings per share for the quarter. The company had revenue of $4.96 million during the quarter. Cenntro had a negative net margin of 415.39% and a negative return on equity of 115.54%.

Institutional Trading of Cenntro

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC lifted its stake in Cenntro Inc. (NASDAQ:CENN) by 250.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371,391 shares of the company’s stock after purchasing an additional 980,466 shares during the period. Geode Capital Management LLC owned 1.56% of Cenntro worth $187,000 at the end of the most recent quarter.

About Cenntro

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.