ECD Automotive Design (NASDAQ:ECDA) Trading Up 5.1% – Time to Buy?

ECD Automotive Design, Inc. (NASDAQ:ECDA) was up 5.1% during mid-day trading on Monday . The company traded as high as $3.15 and last traded at $2.86. Approximately 129,187 shares changed hands during trading, a decline of 60% from the average daily volume of 319,645 shares. The stock had previously closed at $2.72.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ECDA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of ECD Automotive Design in a report on Wednesday, October 8th. Wall Street Zen cut ECD Automotive Design to a “strong sell” rating in a report on Saturday, September 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ECD Automotive Design currently has a consensus rating of “Sell”.

ECD Automotive Design Trading Up 5.1%

The stock has a market capitalization of $4.23 million, a P/E ratio of -0.20 and a beta of -0.58. The company has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $10.54.

ECD Automotive Design (NASDAQ:ECDA) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($4.40) EPS for the quarter. The firm had revenue of $7.02 million during the quarter. As a group, analysts forecast that ECD Automotive Design, Inc. will post -0.14 earnings per share for the current fiscal year.

ECD Automotive Design Company Profile

ECD Automotive Design, Inc engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type.