Blink Charging Co (NASDAQ:BLNK)’s stock price fell 11.5% during mid-day trading on Friday . The company traded as low as $10.02 and last traded at $11.05, 10,549,207 shares traded hands during trading. An increase of 252% from the average session volume of 2,997,646 shares. The stock had previously closed at $12.49.
A number of brokerages have recently issued reports on BLNK. Zacks Investment Research upgraded Blink Charging from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Blink Charging in a research note on Sunday, June 14th. Finally, BidaskClub raised Blink Charging from a “sell” rating to a “hold” rating in a research note on Friday.
The company has a 50 day moving average of $5.17 and a 200 day moving average of $2.78. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 0.01.
Blink Charging (NASDAQ:BLNK) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Blink Charging had a negative net margin of 307.75% and a negative return on equity of 123.47%. The firm had revenue of $1.30 million during the quarter, compared to analyst estimates of $1.19 million. Equities analysts predict that Blink Charging Co will post -0.36 earnings per share for the current year.
In related news, Director Jack Levine bought 25,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $2.40 per share, with a total value of $60,000.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $60,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 50,287 shares of company stock valued at $129,781 over the last ninety days. Corporate insiders own 28.70% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the business. Westside Investment Management Inc. increased its stake in shares of Blink Charging by 207.4% in the 2nd quarter. Westside Investment Management Inc. now owns 3,000 shares of the company’s stock worth $17,040,000 after acquiring an additional 2,024 shares during the last quarter. Vista Capital Partners Inc. acquired a new stake in shares of Blink Charging in the 1st quarter worth $36,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Blink Charging in the 4th quarter worth $33,000. 5.80% of the stock is owned by institutional investors and hedge funds.
Blink Charging Company Profile (NASDAQ:BLNK)
Blink Charging Co owns, operates, and provides electric vehicle (EV) charging equipment and networked EV charging services. The company offers residential and commercial EV charging equipment that enable EV drivers to recharge at various location types. It also provides Blink Network, a cloud-based software that operates, maintains, and tracks various Blink EV charging stations and associated charging data, as well as provides property owners, managers, and parking companies with cloud-based services that enable the remote monitoring and management of EV charging stations and payment processing.
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