Ebang International Holdings Inc. (NASDAQ:EBON)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.41, but opened at $6.99. Ebang International shares last traded at $6.85, with a volume of 48,114 shares trading hands.
The firm’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $6.86. The company has a quick ratio of 1.21, a current ratio of 1.47 and a debt-to-equity ratio of 1.38.
Several large investors have recently made changes to their positions in the business. Jane Street Group LLC increased its stake in shares of Ebang International by 7.5% in the fourth quarter. Jane Street Group LLC now owns 31,215 shares of the company’s stock valued at $189,000 after purchasing an additional 2,191 shares during the period. Squarepoint Ops LLC increased its stake in shares of Ebang International by 4.1% in the fourth quarter. Squarepoint Ops LLC now owns 57,717 shares of the company’s stock valued at $350,000 after purchasing an additional 2,279 shares during the period. BlackRock Inc. acquired a new stake in shares of Ebang International in the third quarter valued at approximately $58,000. JPMorgan Chase & Co. acquired a new position in shares of Ebang International during the fourth quarter valued at approximately $50,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Ebang International during the third quarter valued at approximately $111,000. Institutional investors own 0.44% of the company’s stock.
Ebang International Holdings Inc, through its subsidiaries, engages in the manufacture and sale of Bitcoin mining machines and telecommunication products in the People's Republic of China, the United States, Hong Kong, and internationally. It provides application-specific integrated circuit based Bitcoin mining machines; and Bitcoin mining machine accessories, as well as ancillary services to assist its customers operations.
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