GreenPower Motor (NASDAQ:GP) Stock Price Up 2.9% – Here’s What Happened

GreenPower Motor Company Inc. (NASDAQ:GP) shares rose 2.9% on Wednesday . The stock traded as high as $3.24 and last traded at $3.17. Approximately 21,472 shares were traded during trading, a decline of 78% from the average daily volume of 96,833 shares. The stock had previously closed at $3.08.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of GreenPower Motor in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GreenPower Motor has an average rating of “Sell”.

GreenPower Motor Stock Up 2.9%

The firm has a market capitalization of $9.76 million, a PE ratio of -0.51 and a beta of 2.94. The stock’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $4.01.

Institutional Trading of GreenPower Motor

An institutional investor recently raised its position in GreenPower Motor stock. Axxcess Wealth Management LLC raised its holdings in shares of GreenPower Motor Company Inc. (NASDAQ:GP) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,100,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Axxcess Wealth Management LLC owned about 3.67% of GreenPower Motor worth $440,000 at the end of the most recent quarter. 1.69% of the stock is owned by institutional investors and hedge funds.

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.