EZGO Technologies (NASDAQ:EZGO) Trading Up 4.1% – Should You Buy?
by Kim Johansen · The Markets DailyEZGO Technologies Ltd. (NASDAQ:EZGO – Get Free Report)’s share price shot up 4.1% on Wednesday . The company traded as high as $1.3350 and last traded at $1.2860. 136,649 shares were traded during mid-day trading, an increase of 1,704% from the average session volume of 7,573 shares. The stock had previously closed at $1.2350.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of EZGO Technologies in a research report on Thursday, January 22nd. Wall Street Zen cut shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, EZGO Technologies currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on EZGO
EZGO Technologies Stock Up 3.1%
The business’s 50 day moving average price is $1.44 and its 200-day moving average price is $2.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21.
About EZGO Technologies
EZGO Technologies Ltd., through its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Battery Cells and Packs; E-Bicycles Sales; and Electronic Control System and Intelligent Robots. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and sells battery cells and packs. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.