Lion Electric (TSE:LEV) Upgraded to “Strong-Buy” by B. Riley

Lion Electric (TSE:LEV) was upgraded by research analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

Several other equities research analysts also recently commented on LEV. Desjardins downgraded shares of Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. 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.

Lion Electric Stock Up 1.6 %

TSE LEV opened at C$1.27 on Tuesday. The company has a debt-to-equity ratio of 104.69, a current ratio of 2.65 and a quick ratio of 1.33. The company’s 50 day simple moving average is C$1.39 and its 200 day simple moving average is C$1.89. Lion Electric has a 12 month low of C$1.22 and a 12 month high of C$3.53. The company has a market capitalization of C$287.30 million, a P/E ratio of -1.90 and a beta of 2.74.

Lion Electric (TSE:LEV) last released its earnings results on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.10) by C$0.08. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. The business had revenue of C$74.80 million for the quarter, compared to the consensus estimate of C$97.28 million. Equities research analysts expect that Lion Electric will post -0.48 earnings per share for the current fiscal year.

About Lion Electric

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.