Investment analysts at Alliance Global Partners began coverage on shares of Electrovaya (OTCMKTS:EFLVF) in a note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the stock.

EFLVF stock opened at $0.77 on Thursday. The firm has a fifty day moving average price of $0.93 and a 200 day moving average price of $0.94. Electrovaya has a fifty-two week low of $0.63 and a fifty-two week high of $2.10.