Exro Technologies (OTCMKTS:EXROF) Announces Earnings Results, Hits Estimates

Exro Technologies (OTCMKTS:EXROF) announced its earnings results on Monday. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate 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 Stock Performance

Shares of OTCMKTS:EXROF traded down $0.00 on Monday, hitting $0.07. 421,406 shares of the company were exchanged, compared to its average volume of 239,399. The company’s 50 day moving average price is $0.07 and its two-hundred day moving average price is $0.11. The firm has a market capitalization of $36.26 million, a price-to-earnings ratio of -0.13 and a beta of 2.39. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.54 and a current ratio of 1.19. Exro Technologies has a one year low of $0.05 and a one year high of $0.73.

Analysts Set New Price Targets

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

Exro Technologies Company Profile

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.