Lobo EV Technologies (NASDAQ:LOBO) Trading Down 1.2% – Time to Sell?

Lobo EV Technologies Ltd (NASDAQ:LOBO)’s stock price traded down 1.2% during trading on Wednesday . The company traded as low as $0.77 and last traded at $0.79. 128,159 shares were traded during mid-day trading, a decline of 66% from the average session volume of 376,867 shares. The stock had previously closed at $0.80.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Lobo EV Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Lobo EV Technologies in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Lobo EV Technologies Stock Down 1.2%

The company has a current ratio of 1.56, a quick ratio of 0.69 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $0.64 and a 200 day moving average of $0.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lobo EV Technologies stock. Citadel Advisors LLC bought a new position in shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.21% of Lobo EV Technologies at the end of the most recent reporting period.

Lobo EV Technologies Company Profile

Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.