Cenntro (NASDAQ:CENN) Trading Up 0.2% – Here’s Why

Cenntro Inc. (NASDAQ:CENN) shares rose 0.2% during trading on Thursday . The company traded as high as $4.29 and last traded at $4.19. Approximately 15,686 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 20,106 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Cenntro Trading Up 0.2%

The company has a market capitalization of $6.16 million, a price-to-earnings ratio of -0.29 and a beta of 1.31. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.92 and a current ratio of 1.65. The firm has a fifty day moving average price of $3.64 and a 200-day moving average price of $4.58.

Cenntro (NASDAQ:CENN) last posted its quarterly earnings results on Friday, August 14th. The company reported ($4.31) EPS for the quarter. Cenntro had a negative net margin of 424.20% and a negative return on equity of 142.57%.

Institutional Trading of Cenntro

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

Cenntro Company Profile

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.