Volcon (NASDAQ:EMPD) Trading Up 4.2% – Here’s What Happened

Volcon, Inc. (NASDAQ:EMPD) was up 4.2% during trading on Wednesday . The company traded as high as $8.10 and last traded at $8.00. Approximately 1,056,094 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 1,117,035 shares. The stock had previously closed at $7.68.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EMPD shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Volcon in a report on Wednesday. Wall Street Zen raised shares of Volcon to a “sell” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Volcon presently has a consensus rating of “Moderate Buy”.

Volcon Stock Performance

The company’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $7.42.

Volcon (NASDAQ:EMPD) last announced its earnings results on Tuesday, August 12th. The company reported ($7.57) earnings per share for the quarter. The company had revenue of $0.70 million for the quarter. Volcon had a negative return on equity of 282.87% and a negative net margin of 720.28%.

About Volcon

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.