Ebang International (NASDAQ:EBON) Trading 1.2% Higher – Time to Buy?

Ebang International Holdings Inc. (NASDAQ:EBON)’s share price traded up 1.2% on Tuesday . The stock traded as high as $2.19 and last traded at $2.1350. 3,540 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 22,846 shares. The stock had previously closed at $2.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Ebang International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ebang International currently has an average rating of “Sell”.

Ebang International Trading Down 2.5%

The business has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $2.51.

Ebang International (NASDAQ:EBON) last issued its quarterly earnings data on Saturday, April 25th. The company reported ($0.76) earnings per share (EPS) for the quarter. The company had revenue of $1.48 million for the quarter.

Hedge Funds Weigh In On Ebang International

An institutional investor recently raised its stake in Ebang International stock. Susquehanna International Group LLP increased its stake in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,474 shares of the company’s stock after purchasing an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.15% of the company’s stock.

About Ebang International

Ebang International Holdings Inc is a China-based technology company that specializes in the design, development and sale of high-performance application-specific integrated circuit (ASIC) miner machines for cryptocurrency mining. In addition to its core hardware business, the company offers blockchain computing services and related technical support, enabling mining operations to optimize efficiency and manage large-scale deployments.

Founded in 2010 and headquartered in Hangzhou, Ebang has established research and development centers in major Chinese cities, including Beijing and Shanghai.