Vicinity Motor (NASDAQ:VEV) Rating Reiterated by Alliance Global Partners

Vicinity Motor (NASDAQ:VEV)‘s stock had its “sell” rating reissued by research analysts at Alliance Global Partners in a research note issued to investors on Friday, Benzinga reports.

Vicinity Motor Trading Down 23.6 %

Shares of VEV stock opened at $0.05 on Friday. The business’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.44. Vicinity Motor has a 12 month low of $0.04 and a 12 month high of $0.97. The firm has a market capitalization of $2.37 million, a price-to-earnings ratio of -0.13 and a beta of 0.44.

About Vicinity Motor

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc and changed its name to Vicinity Motor Corp.