Adomani (NASDAQ:ADOM) Stock Price Down 15.4%
Adomani Inc (NASDAQ:ADOM) dropped 15.4% during trading on Wednesday . The stock traded as low as $0.13 and last traded at $0.11, approximately 130,276 shares changed hands during mid-day trading. A decline of 90% from the average daily volume of 1,321,967 shares. The stock had previously closed at $0.13.
ADOM has been the topic of several research reports. Roth Capital restated a “neutral” rating on shares of Adomani in a research note on Friday, May 3rd. Zacks Investment Research cut Adomani from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd.
The stock has a market cap of $8.57 million, a P/E ratio of -0.67 and a beta of 1.37. The company has a 50 day simple moving average of $0.23 and a 200 day simple moving average of $0.32.
A hedge fund recently bought a new stake in Adomani stock. MYDA Advisors LLC purchased a new position in shares of Adomani Inc (NASDAQ:ADOM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 150,000 shares of the company’s stock, valued at approximately $59,000. MYDA Advisors LLC owned about 0.21% of Adomani as of its most recent SEC filing. Hedge funds and other institutional investors own 2.26% of the company’s stock.
About Adomani (NASDAQ:ADOM)
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.
Featured Story: Reverse Stock Split
Receive News & Ratings for Adomani Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adomani and related companies with MarketBeat.com's FREE daily email newsletter.