Ebang International (NASDAQ:EBON) Releases Earnings Results

Ebang International (NASDAQ:EBON) announced its quarterly earnings data on Friday. The company reported ($0.23) earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.96 million during the quarter.

Ebang International Stock Performance

Shares of Ebang International stock opened at $2.02 on Friday. The company’s 50 day moving average price is $2.10 and its two-hundred day moving average price is $2.27. Ebang International has a fifty-two week low of $1.61 and a fifty-two week high of $5.90.

Institutional Investors Weigh In On Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP boosted its position in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Ebang International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Ebang International has an average rating of “Sell”.

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.