Nano Labs (NASDAQ:NA) Shares Down 0.9% – What’s Next?

Nano Labs Ltd (NASDAQ:NAGet Free Report)’s stock price fell 0.9% during trading on Friday . The stock traded as low as $3.66 and last traded at $3.67. 38,485 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 61,147 shares. The stock had previously closed at $3.70.

Nano Labs Trading Down 0.9%

The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 7.31. The stock has a fifty day moving average price of $4.42 and a two-hundred day moving average price of $6.25.

About Nano Labs

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Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology.

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