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.

Adomani (NASDAQ:ADOM) last released its earnings results on Monday, July 29th. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The firm had revenue of $4.39 million for the quarter, compared to analysts’ expectations of $3.14 million. Adomani had a negative return on equity of 78.98% and a negative net margin of 64.22%. As a group, research analysts forecast that Adomani Inc will post -0.07 earnings per share for the current year.

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.

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