GreenPower Motor (NASDAQ:GP) Trading 5.9% Higher – Here’s Why

GreenPower Motor Company Inc. (NASDAQ:GP)’s stock price traded up 5.9% on Tuesday . The company traded as high as $3.40 and last traded at $3.39. 42,954 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 361,745 shares. The stock had previously closed at $3.20.

GreenPower Motor Stock Up 5.9%

The stock has a 50-day moving average of $3.64 and a two-hundred day moving average of $4.23. The company has a market cap of $10.34 million, a P/E ratio of -0.55 and a beta of 3.03. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.07 and a current ratio of 1.29.

Institutional Trading of GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC raised its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 149.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,000,000 shares of the company’s stock after purchasing an additional 599,592 shares during the quarter. Axxcess Wealth Management LLC owned 3.39% of GreenPower Motor worth $490,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Company Profile

GreenPower Motor Company Inc designs, manufactures, and distributes electric vehicles for commercial markets in the United States and Canada. The company offers commercial vehicles for delivery, public transit, schools, vanpools, micro-transit, shuttles, and other; and passenger, student, low floor transit, and cargo transportation.