GreenPower Motor Company Inc. (NASDAQ:GP) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in GreenPower Motor Company Inc. (NASDAQ:GP) by 43.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,408 shares of the company’s stock after purchasing an additional 120,408 shares during the period. Axxcess Wealth Management LLC’s holdings in GreenPower Motor were worth $308,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC bought a new position in GreenPower Motor in the third quarter worth about $34,000. 1.69% of the stock is owned by institutional investors.

GreenPower Motor Stock Performance

Shares of NASDAQ GP opened at $0.57 on Friday. The company has a quick ratio of 0.06, a current ratio of 1.68 and a debt-to-equity ratio of 2.99. The firm’s 50-day moving average price is $0.69 and its two-hundred day moving average price is $0.91. GreenPower Motor Company Inc. has a 52-week low of $0.45 and a 52-week high of $2.10. The stock has a market capitalization of $16.81 million, a P/E ratio of -0.69 and a beta of 3.23.

GreenPower Motor (NASDAQ:GP) last released its quarterly earnings results on Friday, February 14th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $7.22 million for the quarter, compared to analysts’ expectations of $6.11 million. GreenPower Motor had a negative return on equity of 432.35% and a negative net margin of 103.90%. As a group, sell-side analysts forecast that GreenPower Motor Company Inc. will post -0.71 earnings per share for the current year.

About GreenPower Motor

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.