Cenntro (NASDAQ:CENN) Posts Earnings Results

Cenntro (NASDAQ:CENN) announced its quarterly earnings results on Tuesday. The company reported ($0.29) earnings per share for the quarter, reports. Cenntro had a negative net margin of 109.17% and a negative return on equity of 35.86%. The firm had revenue of $16.73 million for the quarter.

Cenntro Trading Up 1.5 %

Shares of CENN opened at $1.33 on Thursday. Cenntro has a 12 month low of $1.00 and a 12 month high of $2.60. The business’s fifty day simple moving average is $1.22 and its two-hundred day simple moving average is $1.46.

Cenntro Company Profile

Cenntro Inc engages in the design, development, and manufacture of electric light and medium-duty commercial vehicles in Europe, Asia, and the United States. Its purpose-built electric commercial vehicles are designed to serve various fleet and municipal organizations in support of city services, last-mile delivery, and other commercial applications.