Axxcess Wealth Management LLC Grows Stake in GreenPower Motor Company Inc. (NASDAQ:GP)

Axxcess Wealth Management LLC raised its stake in GreenPower Motor Company Inc. (NASDAQ:GP) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,408 shares of the company’s stock after purchasing an additional 120,408 shares during the quarter. Axxcess Wealth Management LLC owned about 1.51% of GreenPower Motor worth $308,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC acquired a new stake in shares of GreenPower Motor during the third quarter valued at about $34,000. Hedge funds and other institutional investors own 1.69% of the company’s stock.

GreenPower Motor Stock Down 4.0 %

Shares of GreenPower Motor stock opened at $0.57 on Friday. The business has a 50-day moving average of $0.69 and a 200-day moving average of $0.91. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.68 and a quick ratio of 0.06. The company has a market capitalization of $16.81 million, a PE ratio of -0.69 and a beta of 3.23. GreenPower Motor Company Inc. has a 1-year low of $0.45 and a 1-year high of $2.10.

GreenPower Motor (NASDAQ:GP) last announced its earnings results on Friday, February 14th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $7.22 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that GreenPower Motor Company Inc. will post -0.71 EPS for the current fiscal 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.