Envirotech Vehicles (NASDAQ:EVTV) Stock Price Down 0.3% – What’s Next?

Envirotech Vehicles, Inc. (NASDAQ:EVTV) traded down 0.3% during trading on Tuesday . The stock traded as low as $0.34 and last traded at $0.38. 828,756 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,933,943 shares. The stock had previously closed at $0.39.

Envirotech Vehicles Trading Down 0.3 %

The company has a market cap of $6.44 million, a P/E ratio of -0.61 and a beta of 2.53. The company has a quick ratio of 1.55, a current ratio of 3.43 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $1.56.

Institutional Investors Weigh In On Envirotech Vehicles

An institutional investor recently raised its position in Envirotech Vehicles stock. Geode Capital Management LLC grew its stake in shares of Envirotech Vehicles, Inc. (NASDAQ:EVTV) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.65% of the company’s stock.

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.