Wall Street Zen Downgrades Bollinger Innovations (NASDAQ:BINI) to Sell

Bollinger Innovations (NASDAQ:BINI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Bollinger Innovations Stock Down 25.0%

NASDAQ:BINI opened at $0.59 on Friday. The company has a 50 day moving average price of $186.93 and a 200 day moving average price of $4,391,293.13. Bollinger Innovations has a fifty-two week low of $0.57 and a fifty-two week high of $0.74.

Bollinger Innovations (NASDAQ:BINI) last released its earnings results on Thursday, August 14th. The company reported ($11,231.30) earnings per share (EPS) for the quarter. The business had revenue of $0.47 million for the quarter. Bollinger Innovations had a negative return on equity of 2,736.27% and a negative net margin of 5,005.77%.

Insider Buying and Selling at Bollinger Innovations

In other news, Director Kent Puckett sold 84 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,480.00, for a total value of $124,320.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.63% of the company’s stock.

Bollinger Innovations Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.