Cenntro (NASDAQ:CENN) Posts Quarterly Earnings Results

by · The Cerbat Gem

Cenntro (NASDAQ:CENN – Get Free Report) released its earnings results on Friday. The company reported ($4.31) earnings per share for the quarter, Zacks reports. Cenntro had a negative net margin of 415.39% and a negative return on equity of 115.54%.

Cenntro Stock Performance

CENN traded up $0.09 on Friday, reaching $3.50. The company had a trading volume of 7,610 shares, compared to its average volume of 26,962. The stock has a market cap of $5.14 million, a P/E ratio of -0.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.86 and a current ratio of 1.69. Cenntro has a fifty-two week low of $3.07 and a fifty-two week high of $39.60. The company’s fifty day moving average is $3.56 and its 200 day moving average is $5.16.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Research Report on CENN

Hedge Funds Weigh In On Cenntro

A hedge fund recently raised its position in Cenntro stock. Renaissance Technologies LLC lifted its position in shares of Cenntro Inc. (NASDAQ:CENN – Free Report) by 238.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 319,458 shares of the company’s stock after purchasing an additional 225,008 shares during the period. Renaissance Technologies LLC owned 0.36% of Cenntro worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

About Cenntro

(Get Free Report)

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.

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