Lion Electric (TSE:LEV) Stock Price Down 2.7%

The Lion Electric Company (TSE:LEV) shares were down 2.7% during trading on Wednesday . The company traded as low as C$1.40 and last traded at C$1.44. Approximately 425,699 shares were traded during trading, an increase of 48% from the average daily volume of 287,805 shares. The stock had previously closed at C$1.48.

Wall Street Analyst Weigh In

Separately, Desjardins cut shares of Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Lion Electric Trading Down 3.0 %

The business has a fifty day moving average price of C$1.90 and a 200 day moving average price of C$2.21. The company has a current ratio of 2.45, a quick ratio of 1.33 and a debt-to-equity ratio of 88.29. The firm has a market cap of C$289.56 million, a PE ratio of -2.10 and a beta of 2.62.

Lion Electric (TSE:LEV) last announced its earnings results on Thursday, February 29th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.13) by C($0.04). Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%. The firm had revenue of C$82.28 million during the quarter, compared to analyst estimates of C$128.31 million. Analysts forecast that The Lion Electric Company will post -0.48 EPS for the current year.

About Lion Electric

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.