EZGO Technologies (NASDAQ:EZGO) Shares to Reverse Split on Friday, April 12th

Shares of EZGO Technologies Ltd. (NASDAQ:EZGO) are set to reverse split on Friday, April 12th. The 1-40 reverse split was announced on Friday, April 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 12th.

EZGO Technologies Stock Performance

EZGO Technologies stock traded down $0.02 on Wednesday, reaching $0.04. 10,870,872 shares of the stock were exchanged, compared to its average volume of 2,438,861. The company has a quick ratio of 4.72, a current ratio of 4.79 and a debt-to-equity ratio of 0.07. EZGO Technologies has a twelve month low of $0.04 and a twelve month high of $2.77. The firm has a fifty day moving average price of $0.09 and a two-hundred day moving average price of $0.10.

Hedge Funds Weigh In On EZGO Technologies

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in EZGO Technologies by 126.3% in the 1st quarter. Renaissance Technologies LLC now owns 54,300 shares of the company’s stock valued at $97,000 after purchasing an additional 30,300 shares during the period. Citadel Advisors LLC acquired a new stake in EZGO Technologies during the second quarter worth about $107,000. Finally, Sabby Management LLC bought a new position in EZGO Technologies during the third quarter valued at about $406,000. 7.98% of the stock is currently owned by institutional investors.

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.