GreenPower Motor (NASDAQ:GP) Stock Scheduled to Reverse Split on Monday, October 19th

GreenPower Motor Company Inc. (NASDAQ:GP) shares are set to reverse split before the market opens on Monday, October 19th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 18th.

GreenPower Motor Trading Up 27.7%

Shares of GP traded up $0.08 during mid-day trading on Thursday, reaching $0.35. The stock had a trading volume of 91,021,771 shares, compared to its average volume of 317,745. The business has a fifty day moving average of $0.97 and a 200 day moving average of $1.13. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.11 and a current ratio of 1.49. GreenPower Motor has a 12 month low of $0.19 and a 12 month high of $3.30.

GreenPower Motor (NASDAQ:GP) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter. The firm had revenue of $0.44 million for the quarter.

Analyst Ratings Changes

GP has been the subject of a number of analyst reports. Wall Street Zen upgraded GreenPower Motor to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GreenPower Motor has a consensus rating of “Reduce”.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures and distributes all-electric commercial vehicles. Its product portfolio includes transit buses, school buses, shuttle buses, cargo vans and other purpose-built vehicles intended for passenger transportation, delivery, municipal and industrial applications.

The company’s vehicle lineup includes models such as the EVstar and EVstar Cargo vans, the EV350 and EV250 transit buses, and the BEAST and Nano BEAST electric school buses. GreenPower’s vehicles are designed to support zero-emission transportation and are offered in configurations intended for a range of operating environments and passenger capacities.

Founded in 2010, GreenPower is headquartered in Vancouver, British Columbia, and serves customers primarily in North America.