Separately, Zacks Investment Research upgraded Electrameccanica Vehicles from a sell rating to a hold rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $5.19.
Electrameccanica Vehicles stock traded down $0.03 during mid-day trading on Thursday, reaching $2.07. 236,125 shares of the company were exchanged, compared to its average volume of 421,272. Electrameccanica Vehicles has a 12 month low of $1.60 and a 12 month high of $5.15. The company has a fifty day simple moving average of $2.19 and a 200-day simple moving average of $2.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 9.81 and a quick ratio of 9.45. The firm has a market cap of $76.85 million, a PE ratio of -3.70 and a beta of 1.62.
Electrameccanica Vehicles Company Profile
Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells single person electric vehicles under the SOLO name for mass markets. It operates in two segments, Electric Vehicles and Custom Build Vehicles. The company also develops and manufactures high end custom built vehicles.
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