Cenntro (NASDAQ:CENN) Stock Price Down 0.5% – Should You Sell?

Cenntro Inc. (NASDAQ:CENN)’s share price was down 0.5% during mid-day trading on Friday . The company traded as low as $0.63 and last traded at $0.64. Approximately 282,771 shares traded hands during mid-day trading, an increase of 61% from the average daily volume of 175,907 shares. The stock had previously closed at $0.64.

Cenntro Stock Down 0.5%

The stock has a 50 day moving average of $0.85 and a 200-day moving average of $0.91.

Cenntro (NASDAQ:CENN) last posted its earnings results on Thursday, May 15th. The company reported ($0.17) earnings per share for the quarter. Cenntro had a negative net margin of 132.82% and a negative return on equity of 35.99%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cenntro stock. Jane Street Group LLC bought a new position in Cenntro Inc. (NASDAQ:CENN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,864 shares of the company’s stock, valued at approximately $30,000. Jane Street Group LLC owned approximately 0.09% of Cenntro at the end of the most recent reporting period.

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.