EZGO Technologies (NASDAQ:EZGO) Stock Price Up 37.9% – Here’s Why

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) shot up 37.9% on Thursday . The stock traded as high as $0.2930 and last traded at $0.2001. 196,319,178 shares were traded during mid-day trading, an increase of 1,309% from the average session volume of 13,937,568 shares. The stock had previously closed at $0.1451.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of EZGO Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

EZGO Technologies Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 1.85. The business has a 50 day moving average price of $0.16 and a 200-day moving average price of $0.29.

EZGO Technologies Company Profile

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.