Greenwave Technology Solutions (NASDAQ:GWAV) Shares Down 8.6%

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV)’s share price dropped 8.6% on Tuesday . The stock traded as low as $0.47 and last traded at $0.49. Approximately 1,485,283 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 1,095,749 shares. The stock had previously closed at $0.54.

Greenwave Technology Solutions Trading Up 2.6 %

The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.08 and a current ratio of 0.10. The stock has a 50-day moving average of $1.31 and a two-hundred day moving average of $28.73. The company has a market cap of $2.01 million, a P/E ratio of 0.00 and a beta of 1.71.

Greenwave Technology Solutions (NASDAQ:GWAV) last issued its quarterly earnings results on Monday, May 20th. The company reported ($58.21) earnings per share for the quarter. The company had revenue of $8.51 million for the quarter. Greenwave Technology Solutions had a negative net margin of 88.17% and a negative return on equity of 1,251.81%.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.