Cenntro (NASDAQ:CENN) Stock Price Down 3.8% – Time to Sell?

Shares of Cenntro Inc. (NASDAQ:CENN) dropped 3.8% on Monday . The stock traded as low as $3.14 and last traded at $3.2910. Approximately 7,529 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 12,329 shares. The stock had previously closed at $3.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cenntro in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cenntro has a consensus rating of “Sell”.

Cenntro Price Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.69 and a quick ratio of 0.86. The firm’s 50 day moving average is $3.89 and its 200 day moving average is $5.90. The firm has a market cap of $4.84 million, a P/E ratio of -0.14 and a beta of 1.31.

Hedge Funds Weigh In On Cenntro

An institutional investor recently raised its stake in Cenntro stock. Renaissance Technologies LLC boosted its stake in shares of Cenntro Inc. (NASDAQ:CENN) by 238.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,458 shares of the company’s stock after buying an additional 225,008 shares during the period. Renaissance Technologies LLC owned approximately 0.36% of Cenntro worth $43,000 at the end of the most recent reporting period.

Cenntro Company Profile

Cenntro Electric Group, Inc (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support.