Cenntro Stock Scheduled to Reverse Split on Monday, April 13th (NASDAQ:CENN)
by Danessa Lincoln · The Markets DailyCenntro Inc. (NASDAQ:CENN – Free Report) shares are set to reverse split before the market opens on Monday, April 13th. The 1-60 reverse split was announced on Thursday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 10th.
Cenntro Stock Performance
Shares of CENN stock traded down $0.04 during mid-day trading on Thursday, reaching $0.09. 10,062,418 shares of the company were exchanged, compared to its average volume of 2,272,264. The business’s 50 day simple moving average is $0.12 and its 200 day simple moving average is $0.19. The company has a market capitalization of $7.49 million, a P/E ratio of -0.17 and a beta of 1.66. Cenntro has a fifty-two week low of $0.08 and a fifty-two week high of $1.10.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cenntro in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on CENN
Hedge Funds Weigh In On Cenntro
An institutional investor recently raised its position in Cenntro stock. Renaissance Technologies LLC lifted its position in Cenntro Inc. (NASDAQ:CENN – Free Report) by 238.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after acquiring an additional 225,008 shares during the quarter. Renaissance Technologies LLC owned 0.36% of Cenntro worth $43,000 as of its most recent SEC filing.
Cenntro Company Profile
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.