Turbo Energy (NASDAQ:TURB) Stock Price Down 11.9% – Here’s What Happened

Turbo Energy, S.A. (NASDAQ:TURB)’s share price dropped 11.9% during mid-day trading on Thursday . The stock traded as low as $0.8798 and last traded at $0.96. Approximately 122,286 shares traded hands during mid-day trading, an increase of 115% from the average daily volume of 56,967 shares. The stock had previously closed at $1.09.

Analyst Upgrades and Downgrades

Several research firms recently commented on TURB. Weiss Ratings reiterated a “sell (d-)” rating on shares of Turbo Energy in a report on Thursday, October 30th. Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Turbo Energy presently has a consensus rating of “Sell”.

Turbo Energy Stock Performance

The company’s 50-day moving average price is $1.10 and its 200 day moving average price is $2.58.

Turbo Energy Company Profile

Turbo Energy, SA designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, rest of Europe, and internationally. The company offers lithium-ion batteries; inverters; photovoltaic modules; Go Solar, a portable photovoltaic product; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. It is also involved in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures.