EZGO Technologies Shares to Reverse Split on Thursday, November 5th (NASDAQ:EZGO)

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) are set to reverse split on Thursday, November 5th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 4th.

EZGO Technologies Trading Down 30.5%

Shares of NASDAQ:EZGO traded down $0.24 during trading on Tuesday, reaching $0.55. 612,220 shares of the company traded hands, compared to its average volume of 428,796. The company’s 50 day moving average is $0.86 and its two-hundred day moving average is $85.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.91 and a current ratio of 3.07. EZGO Technologies has a 52 week low of $0.50 and a 52 week high of $1,098.75.

EZGO Technologies (NASDAQ:EZGO) last released its earnings results on Friday, August 14th. The company reported ($26.49) earnings per share (EPS) for the quarter. The firm had revenue of $3.18 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Friday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, EZGO Technologies currently has an average rating of “Sell”.

EZGO Technologies Company Profile

EZGO Technologies Ltd. (NASDAQ: EZGO) is a China-based company focused on short-distance transportation and electric mobility products. Through its operating subsidiaries, the company designs, manufactures and sells electric vehicles and related products for personal, commercial and shared transportation applications.

Its product portfolio includes electric bicycles, electric tricycles, electric scooters, electric carts and other low-speed electric vehicles. EZGO also offers battery packs and related components and has developed products intended for uses such as urban transportation, delivery and mobility services.

The company is based in Changzhou, Jiangsu Province, China, and primarily serves the Chinese market through direct sales and distribution channels.