Shares of The Lion Electric Company (TSE:LEV – Get Free Report) fell 16.7% on Wednesday . The company traded as low as C$0.94 and last traded at C$1.00. 187,232 shares were traded during trading, a decline of 44% from the average session volume of 333,085 shares. The stock had previously closed at C$1.20.
Wall Street Analyst Weigh In
LEV has been the subject of several analyst reports. B. Riley upgraded shares of Lion Electric to a “strong-buy” rating in a report on Tuesday, June 25th. National Bank Financial downgraded shares of Lion Electric from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a research report on Wednesday, May 8th.
Read Our Latest Research Report on LEV
Lion Electric Stock Down 18.3 %
Lion Electric (TSE:LEV – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. The firm had revenue of C$74.80 million during the quarter, compared to the consensus estimate of C$97.28 million. Lion Electric had a negative return on equity of 28.75% and a negative net margin of 43.21%. On average, sell-side analysts anticipate that The Lion Electric Company will post -0.48 EPS for the current fiscal year.
Lion Electric Company Profile
The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.
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