EZGO Technologies Stock Scheduled to Reverse Split on Tuesday, May 19th (NASDAQ:EZGO)

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) are going to reverse split on Tuesday, May 19th. The 1-150 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 18th.

EZGO Technologies Trading Down 32.6%

Shares of EZGO Technologies stock traded down $0.01 during trading hours on Friday, hitting $0.02. The company had a trading volume of 257,535,134 shares, compared to its average volume of 101,749,824. The company’s 50-day moving average is $1.13 and its two-hundred day moving average is $1.85. EZGO Technologies has a twelve month low of $0.02 and a twelve month high of $17.24. The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EZGO. Wall Street Zen cut shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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. It also designs and sells intelligent robots, and electric vehicle accessories and electronic control systems; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, including raincoats, helmets, and mobile phone brackets.