Phoenix Motor (NASDAQ:PEV) Trading Down 3.5%

Phoenix Motor Inc. (NASDAQ:PEV) shares fell 3.5% during trading on Thursday . The company traded as low as $0.60 and last traded at $0.61. 44,208 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 47,674 shares. The stock had previously closed at $0.63.

Phoenix Motor Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.39. The business has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.10. The firm has a market cap of $20.99 million, a PE ratio of -0.62 and a beta of 1.29.

Phoenix Motor (NASDAQ:PEV) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.33) EPS for the quarter. The company had revenue of ($0.11) million during the quarter. Phoenix Motor had a negative return on equity of 335.82% and a negative net margin of 265.05%.

Hedge Funds Weigh In On Phoenix Motor

An institutional investor recently bought a new position in Phoenix Motor stock. Harvest Fund Management Co. Ltd acquired a new position in Phoenix Motor Inc. (NASDAQ:PEV) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,030 shares of the company’s stock, valued at approximately $51,000. Harvest Fund Management Co. Ltd owned 0.23% of Phoenix Motor as of its most recent SEC filing. 8.90% of the stock is currently owned by institutional investors.

Phoenix Motor Company Profile

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.