National Bank Financial Downgrades Lion Electric (TSE:LEV) to Underperform Spec Market Wgt

Lion Electric (TSE:LEV) was downgraded by investment analysts at National Bank Financial from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a report released on Wednesday, Zacks.com reports.

Separately, Desjardins lowered Lion Electric from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Lion Electric Stock Performance

Lion Electric stock opened at C$1.31 on Wednesday. The firm has a market cap of C$296.35 million, a PE ratio of -2.08 and a beta of 2.62. Lion Electric has a 12 month low of C$1.22 and a 12 month high of C$3.53. The stock’s 50 day simple moving average is C$1.64 and its two-hundred day simple moving average is C$2.10. The company has a current ratio of 2.45, a quick ratio of 1.33 and a debt-to-equity ratio of 88.29.

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