Harvest Fund Management Co. Ltd Invests $51,000 in Phoenix Motor Inc. (NASDAQ:PEV)

Harvest Fund Management Co. Ltd purchased a new position in Phoenix Motor Inc. (NASDAQ:PEV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,030 shares of the company’s stock, valued at approximately $51,000. Harvest Fund Management Co. Ltd owned about 0.23% of Phoenix Motor at the end of the most recent reporting period.

Phoenix Motor Stock Performance

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

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

Phoenix Motor Profile

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.