Cenntro (NASDAQ:CENN) Trading Up 4.7% – Should You Buy?

Cenntro Inc. (NASDAQ:CENN)’s stock price was up 4.7% during mid-day trading on Tuesday . The company traded as high as $1.11 and last traded at $1.11. Approximately 75,329 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 129,025 shares. The stock had previously closed at $1.06.

Cenntro Stock Performance

The company has a fifty day moving average price of $1.22 and a two-hundred day moving average price of $1.36.

Cenntro (NASDAQ:CENN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.29) EPS for the quarter. Cenntro had a negative net margin of 109.17% and a negative return on equity of 37.17%. The company had revenue of $16.73 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cenntro stock. Geode Capital Management LLC increased its position in shares of Cenntro Inc. (NASDAQ:CENN) by 8.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,490 shares of the company’s stock after buying an additional 20,767 shares during the period. Geode Capital Management LLC owned 0.90% of Cenntro worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

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.