Blink Charging (NASDAQ:BLNK) Trading Up 6.3%

Blink Charging Co (NASDAQ:BLNK) rose 6.3% during trading on Friday . The stock traded as high as $2.07 and last traded at $2.02, approximately 306,789 shares changed hands during mid-day trading. A decline of 40% from the average daily volume of 511,613 shares. The stock had previously closed at $1.90.

BLNK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Blink Charging from a “sell” rating to a “hold” rating in a report on Monday, November 25th. ThinkEquity initiated coverage on Blink Charging in a research report on Monday, August 26th. They issued a “buy” rating and a $5.00 price objective for the company.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.68 and a current ratio of 2.96. The company’s 50 day moving average is $1.96 and its 200 day moving average is $2.45. The stock has a market capitalization of $48.17 million, a price-to-earnings ratio of -1.55 and a beta of 4.35.

Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings results on Wednesday, November 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Blink Charging had a negative return on equity of 69.78% and a negative net margin of 302.69%. The company had revenue of $0.76 million during the quarter, compared to analyst estimates of $0.72 million. On average, equities research analysts anticipate that Blink Charging Co will post -0.35 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Blink Charging stock. Virtu Financial LLC bought a new stake in Blink Charging Co (NASDAQ:BLNK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,957 shares of the company’s stock, valued at approximately $138,000. Virtu Financial LLC owned 0.20% of Blink Charging as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.42% of the company’s stock.

Blink Charging Company Profile (NASDAQ:BLNK)

Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.

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