Axxcess Wealth Management LLC Purchases 100,000 Shares of GreenPower Motor Company Inc. (NASDAQ:GP)

Axxcess Wealth Management LLC boosted its holdings in GreenPower Motor Company Inc. (NASDAQ:GP) by 55.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned about 1.06% of GreenPower Motor worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

GreenPower Motor Price Performance

GP stock opened at $0.89 on Thursday. GreenPower Motor Company Inc. has a 1-year low of $0.70 and a 1-year high of $3.42. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.13 and a current ratio of 1.61. The company’s 50 day moving average is $1.20 and its 200 day moving average is $1.16.

GreenPower Motor (NASDAQ:GP) last issued its earnings results on Wednesday, August 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.02. GreenPower Motor had a negative return on equity of 128.08% and a negative net margin of 84.74%. The business had revenue of $3.00 million during the quarter, compared to analyst estimates of $5.00 million. Analysts expect that GreenPower Motor Company Inc. will post -0.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. R. F. Lafferty initiated coverage on GreenPower Motor in a report on Wednesday, September 11th. They issued a “buy” rating and a $3.00 price objective for the company. Roth Mkm decreased their price target on shares of GreenPower Motor from $3.00 to $1.65 and set a “buy” rating on the stock in a report on Friday, August 16th.

About GreenPower Motor

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.