Sono Group N.V. (NASDAQ:SSM - Get Free Report) major shareholder 255 V. Ug Haftungsbes Bambino sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $2.75, for a total value of $11,000.00. Following the sale, the insider owned 153,326 shares in the company, valued at approximately $421,646.50. This represents a 2.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Sono Group Price Performance
NASDAQ SSM opened at $2.68 on Tuesday. Sono Group N.V. has a 12 month low of $2.35 and a 12 month high of $27.73. The company has a market capitalization of $3.82 million, a PE ratio of -0.50 and a beta of 9.60.
Sono Group (NASDAQ:SSM - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($1.59) earnings per share for the quarter. Sono Group had a negative return on equity of 50.42% and a net margin of 2,204.17%.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Sono Group from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".
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Sono Group Company Profile
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Sono Group N.V. was a German mobility technology company focused on developing solar-powered transportation solutions. Through its Sono Motors business, the company worked on integrating solar technology into electric vehicles to supplement battery power and help reduce energy consumption and emissions.
Its principal project was the Sion, a planned battery-electric passenger vehicle equipped with solar panels integrated into its body. Sono also developed solar integration systems for commercial vehicles, including buses, trucks, trailers and other fleet applications, allowing existing or newly manufactured vehicles to generate supplementary electricity from sunlight.
The company was founded by Jona Christians and Laurin Hahn and was headquartered in Munich, Germany.
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