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 mid-day trading on Wednesday . The stock traded as low as $0.77 and last traded at $0.79. 128,159 shares changed hands during trading, a decline of 66% from the average session volume of 376,867 shares. The stock had previously closed at $0.80.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen cut Lobo EV Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Lobo EV Technologies Stock Down 1.2%

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

Institutional Trading of Lobo EV Technologies

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC acquired a new stake in shares of Lobo EV Technologies Ltd (NASDAQ:LOBO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.21% of Lobo EV Technologies as of its most recent SEC filing.

About Lobo EV Technologies

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.