Phoenix Motor Inc. (NASDAQ:PEV – Get Free Report) dropped 4.1% during mid-day trading on Monday . The stock traded as low as $0.25 and last traded at $0.28. Approximately 1,464,917 shares changed hands during trading, a decline of 55% from the average daily volume of 3,264,102 shares. The stock had previously closed at $0.29.
Phoenix Motor Price Performance
The firm has a market capitalization of $10.47 million, a P/E ratio of -0.90 and a beta of 1.30. The company has a quick ratio of 0.64, a current ratio of 3.07 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $0.33 and its 200-day moving average is $0.43.
Phoenix Motor (NASDAQ:PEV – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $12.03 million during the quarter.
About Phoenix Motor
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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