E Automotive (TSE:EINC) Shares Down 9.4% – Here’s Why

E Automotive Inc. (TSE:EINCGet Free Report) shares dropped 9.4% during mid-day trading on Monday . The stock traded as low as C$3.08 and last traded at C$3.08. Approximately 20,711 shares were traded during trading, an increase of 122% from the average daily volume of 9,344 shares. The stock had previously closed at C$3.40.

E Automotive Stock Down 9.4 %

The business’s fifty day moving average price is C$3.08. The company has a debt-to-equity ratio of 13.56, a quick ratio of 1.20 and a current ratio of 1.13. The stock has a market cap of C$163.15 million and a price-to-earnings ratio of -2.37.

E Automotive Company Profile

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E Automotive Inc operates EDealer and EBlock digital auction and retailing platforms for automotive wholesale and retail customers in Canada and the United States. It also develops, markets, and distributes digital retailing software for the automotive industry. The company was formerly known as eSquared Holdings Inc and changed its name to E Automotive Inc in December 2019.

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