Greenwave Technology Solutions (NASDAQ:GWAV) Stock Price Down 1.4%

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV – Get Free Report) dropped 1.4% during trading on Wednesday . The company traded as low as $0.65 and last traded at $0.69. Approximately 48,169 shares were traded during trading, a decline of 44% from the average daily volume of 85,343 shares. The stock had previously closed at $0.70.

Greenwave Technology Solutions Trading Down 7.6 %

The company has a current ratio of 0.06, a quick ratio of 0.05 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $0.88 and a 200 day moving average of $0.88.

Greenwave Technology Solutions (NASDAQ:GWAV – Get Free Report) last issued its quarterly earnings results on Tuesday, August 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $9.42 million for the quarter. Greenwave Technology Solutions had a negative net margin of 69.23% and a negative return on equity of 151.39%.

Institutional Investors Weigh In On Greenwave Technology Solutions

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG bought a new position in shares of Greenwave Technology Solutions during the 3rd quarter valued at about $56,000. Geode Capital Management LLC lifted its stake in Greenwave Technology Solutions by 19.6% during the fourth quarter. Geode Capital Management LLC now owns 55,679 shares of the company’s stock valued at $49,000 after purchasing an additional 9,123 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in Greenwave Technology Solutions during the first quarter worth approximately $59,000. 9.29% of the stock is currently owned by institutional investors.

About Greenwave Technology Solutions

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Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company, through its 11 metal recycling facilities, collects, classifies, and processes raw scrap ferrous and nonferrous metals for recycling iron, steel, aluminum, copper, lead, stainless steel, and zinc.