Lion Electric (TSE:LEV) Stock Rating Lowered by National Bank Financial

Lion Electric (TSE:LEVGet Free Report) was downgraded by analysts at National Bank Financial from a “sec perform spec market wgt” rating to an “underperform spec market wgt” rating in a note issued to investors on Wednesday, reports.

Separately, Desjardins lowered shares of Lion Electric from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Check Out Our Latest Report on LEV

Lion Electric Stock Down 6.1 %

LEV stock traded down C$0.08 on Wednesday, hitting C$1.23. 651,463 shares of the company’s stock were exchanged, compared to its average volume of 338,352. The firm has a 50 day moving average price of C$1.62 and a two-hundred day moving average price of C$2.09. The company has a debt-to-equity ratio of 88.29, a quick ratio of 1.33 and a current ratio of 2.45. Lion Electric has a 12-month low of C$1.22 and a 12-month high of C$3.53. The stock has a market cap of C$278.25 million, a P/E ratio of -1.95 and a beta of 2.62.

Lion Electric (TSE:LEVGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported C($0.17) EPS for the quarter, missing the consensus estimate of C($0.13) by C($0.04). The company had revenue of C$82.28 million during the quarter, compared to analysts’ expectations of C$128.31 million. Lion Electric had a negative net margin of 40.93% and a negative return on equity of 26.07%. As a group, equities research analysts expect that Lion Electric will post -0.48 EPS for the current fiscal year.

About Lion Electric

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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.

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