Harvest Fund Management Co. Ltd Makes New Investment in Phoenix Motor Inc. (NASDAQ:PEV)

Harvest Fund Management Co. Ltd purchased a new position in shares of Phoenix Motor Inc. (NASDAQ:PEV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 49,030 shares of the company’s stock, valued at approximately $51,000.

Phoenix Motor Trading Down 2.0 %

NASDAQ:PEV opened at $0.59 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Phoenix Motor Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $1.94. The firm’s 50 day moving average is $0.83 and its two-hundred day moving average is $1.09.

Phoenix Motor (NASDAQ:PEV) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.33) earnings per share (EPS) for the quarter. Phoenix Motor had a negative return on equity of 335.82% and a negative net margin of 265.05%. The business had revenue of ($0.11) million during the quarter.

About Phoenix Motor

Phoenix Motor Inc designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States and internationally. It provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans.