Blink Charging (NASDAQ:BLNK) Trading Up 6.3%
Blink Charging Co (NASDAQ:BLNK) was up 6.3% during trading on Wednesday . The company traded as high as $2.75 and last traded at $2.68, approximately 297,400 shares changed hands during trading. A decline of 52% from the average daily volume of 618,861 shares. The stock had previously closed at $2.52.
BLNK has been the subject of a number of recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $5.00 price target on shares of Blink Charging in a report on Friday, May 17th. Zacks Investment Research upgraded Blink Charging from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Wednesday, August 21st. Finally, ThinkEquity initiated coverage on Blink Charging in a research note on Monday, August 26th. They issued a “buy” rating and a $5.00 price objective on the stock.
The stock has a market cap of $70.33 million, a price-to-earnings ratio of -2.06 and a beta of 4.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.54 and a current ratio of 3.96. The firm’s 50-day simple moving average is $2.67 and its two-hundred day simple moving average is $2.83.
A hedge fund recently raised its stake in Blink Charging stock. BlackRock Inc. raised its position in Blink Charging Co (NASDAQ:BLNK) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 374,897 shares of the company’s stock after buying an additional 6,883 shares during the period. BlackRock Inc. owned about 1.43% of Blink Charging worth $1,005,000 as of its most recent filing with the SEC. 12.22% of the stock is owned by institutional investors and hedge funds.
About Blink Charging (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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