Lion Electric (TSE:LEV) Upgraded to Strong-Buy at B. Riley

B. Riley upgraded shares of Lion Electric (TSE:LEV) to a strong-buy rating in a research note released on Tuesday morning, Zacks.com reports.

LEV has been the subject of a number of other research reports. National Bank Financial downgraded shares of Lion Electric from a sec perform spec market wgt rating to an underperform spec market wgt rating in a research report on Wednesday, May 8th. Desjardins downgraded shares of Lion Electric from a buy rating to a hold rating in a research report on Friday, March 1st.

Lion Electric Trading Up 1.6 %

TSE:LEV opened at C$1.27 on Tuesday. The company’s 50 day moving average price is C$1.39 and its 200-day moving average price is C$1.89. Lion Electric has a 52 week low of C$1.22 and a 52 week high of C$3.53. The company has a quick ratio of 1.33, a current ratio of 2.65 and a debt-to-equity ratio of 104.69. The stock has a market cap of C$287.30 million, a price-to-earnings ratio of -1.90 and a beta of 2.74.

Lion Electric (TSE:LEV) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.02) EPS for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.08. Lion Electric had a negative net margin of 43.21% and a negative return on equity of 28.75%. The firm had revenue of C$74.80 million for the quarter, compared to analysts’ expectations of C$97.28 million. On average, equities research analysts forecast that Lion Electric will post -0.48 earnings per share for the current fiscal year.

Lion Electric Company Profile

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. The company's products include battery systems, chassis, bus bodies, and truck cabins. It distributes truck and bus parts, as well as accessories.