Envirotech Vehicles (NASDAQ:EVTV) Stock Price Up 4% – Here’s Why

Envirotech Vehicles, Inc. (NASDAQ:EVTV)’s share price traded up 4% on Tuesday . The company traded as high as $0.27 and last traded at $0.25. 108,727 shares changed hands during trading, a decline of 69% from the average session volume of 356,382 shares. The stock had previously closed at $0.24.

Envirotech Vehicles Stock Up 4.0 %

The company has a market cap of $4.92 million, a price-to-earnings ratio of -0.40 and a beta of 2.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.55 and a current ratio of 3.43. The business has a 50-day simple moving average of $0.30 and a 200-day simple moving average of $1.08.

Institutional Investors Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC lifted its stake in Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,703 shares of the company’s stock after buying an additional 10,066 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Envirotech Vehicles worth $241,000 at the end of the most recent quarter. 5.65% of the stock is currently owned by institutional investors and hedge funds.

About Envirotech Vehicles

Envirotech Vehicles, Inc manufactures and provides zero-emission electric vehicles in the United States. It offers Class 2 through logistics vans; class 4 through urban trucks, school buses, electric forklifts, street sweepers, neighborhood electric vehicles, and right-hand drive vans and urban trucks.