Phoenix Motor (NASDAQ:PEV) Trading Up 3.3% – Time to Buy?

Phoenix Motor Inc. (NASDAQ:PEVGet Free Report)’s stock price was up 3.3% during mid-day trading on Friday . The stock traded as high as $0.30 and last traded at $0.28. Approximately 306,429 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,522,752 shares. The stock had previously closed at $0.28.

Phoenix Motor Stock Up 3.3 %

The business’s 50-day moving average is $0.41 and its 200-day moving average is $0.48. The company has a market capitalization of $10.70 million, a price-to-earnings ratio of -0.92 and a beta of 1.27. The company has a quick ratio of 0.64, a current ratio of 3.07 and a debt-to-equity ratio of 0.01.

Phoenix Motor (NASDAQ:PEVGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $12.03 million for the quarter.

Phoenix Motor Company Profile

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Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.

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