Sono Group (NASDAQ:SSM) Major Shareholder 255 V. Ug Haftungsbes Bambino Sells 4,000 Shares of Stock

Sono Group N.V. (NASDAQ:SSM) major shareholder 255 V. Ug Haftungsbes Bambino sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $2.75, for a total value of $11,000.00. Following the sale, the insider directly owned 153,326 shares in the company, valued at $421,646.50. This trade represents a 2.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Sono Group Stock Down 1.5%

SSM traded down $0.04 on Monday, reaching $2.63. The company’s stock had a trading volume of 4,559 shares, compared to its average volume of 37,308. The company has a market capitalization of $3.73 million, a price-to-earnings ratio of -0.49 and a beta of 9.60. Sono Group N.V. has a fifty-two week low of $2.35 and a fifty-two week high of $27.73.

Sono Group (NASDAQ:SSM) last issued its earnings results on Friday, August 14th. The company reported ($1.59) earnings per share (EPS) for the quarter. Sono Group had a net margin of 2,204.17% and a negative return on equity of 50.42%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Sono Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sono Group currently has an average rating of “Sell”.

Sono Group Company Profile

Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.

Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.

The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.