Adomani Inc (OTCMKTS:ADOM) Director John F. Mcgovern Acquires 4,000 Shares

Adomani Inc (OTCMKTS:ADOM) Director John F. Mcgovern bought 4,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $12.55 per share, for a total transaction of $50,200.00.

OTCMKTS ADOM opened at $0.09 on Friday. The firm has a market capitalization of $6.40 million, a price-to-earnings ratio of -0.60 and a beta of 1.68. The firm’s 50 day simple moving average is $0.15 and its 200 day simple moving average is $0.29. Adomani Inc has a 1 year low of $0.05 and a 1 year high of $0.71.

Adomani (OTCMKTS:ADOM) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). The business had revenue of $4.39 million for the quarter, compared to analyst estimates of $3.14 million. Adomani had a negative net margin of 64.22% and a negative return on equity of 78.98%. Equities research analysts predict that Adomani Inc will post -0.07 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Adomani from a “buy” rating to a “hold” rating in a report on Monday, July 22nd.

An institutional investor recently bought a new position in Adomani stock. MYDA Advisors LLC purchased a new position in shares of Adomani Inc (OTCMKTS:ADOM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $59,000. MYDA Advisors LLC owned approximately 0.21% of Adomani at the end of the most recent quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Adomani Company Profile

ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.

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