Lobo EV Technologies (NASDAQ:LOBO) Trading 13.8% Higher – What’s Next?

Lobo EV Technologies Ltd (NASDAQ:LOBO)’s share price rose 13.8% during mid-day trading on Friday . The company traded as high as $1.00 and last traded at $0.9990. Approximately 800,605 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 6,765,588 shares. The stock had previously closed at $0.8776.

Analyst Ratings Changes

Several analysts have issued reports on LOBO shares. Wall Street Zen cut Lobo EV Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lobo EV Technologies in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Lobo EV Technologies Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 1.56. The firm’s 50-day simple moving average is $0.82 and its two-hundred day simple moving average is $0.68.

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.