Exro Technologies (OTCMKTS:EXROF) Announces Quarterly Earnings Results

Exro Technologies (OTCMKTS:EXROF) announced its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03), Zacks reports. Exro Technologies had a negative net margin of 1,533.73% and a negative return on equity of 83.07%.

Exro Technologies Price Performance

EXROF stock traded down $0.00 during trading on Monday, hitting $0.07. The company had a trading volume of 421,406 shares, compared to its average volume of 239,399. The company has a fifty day moving average price of $0.07 and a two-hundred day moving average price of $0.11. Exro Technologies has a fifty-two week low of $0.05 and a fifty-two week high of $0.73. The company has a market cap of $36.26 million, a P/E ratio of -0.13 and a beta of 2.39. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.22.

Analyst Upgrades and Downgrades

Separately, Maxim Group cut shares of Exro Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

About Exro Technologies

Exro Technologies Inc focuses on developing generation power-control electronics in Canada. The company offers Exro Coil Driver, which allows the motor to switch between different operational profiles in real-time, as well as have multiple gears for scooters, electric bikes, recreational, light electric cars, motorcycles, fleet vans, electric buses, passenger vehicles, long-haul trucks, and industrial vehicles markets; and Exro Cell Driver, a stationary energy storage system for commercial and industrial energy storage applications.