Volcon (NASDAQ:VLCN) Stock Price Down 2.1% – Time to Sell?

Shares of Volcon, Inc. (NASDAQ:VLCN) dropped 2.1% during trading on Thursday . The stock traded as low as $0.60 and last traded at $0.62. Approximately 79,220 shares changed hands during trading, a decline of 83% from the average daily volume of 459,614 shares. The stock had previously closed at $0.63.

Wall Street Analysts Forecast Growth

Separately, Aegis upgraded shares of Volcon to a “strong-buy” rating in a research report on Wednesday, March 5th.

Volcon Trading Down 2.1%

The company’s 50-day moving average price is $0.79 and its 200-day moving average price is $2.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.07 and a quick ratio of 1.71.

Volcon (NASDAQ:VLCN) last announced its earnings results on Friday, May 9th. The company reported ($0.91) earnings per share (EPS) for the quarter. The firm had revenue of $0.74 million for the quarter.

Volcon Company Profile

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.