EZGO Technologies (NASDAQ:EZGO) Stock Price Down 2% – Here’s Why

EZGO Technologies Ltd. (NASDAQ:EZGO)’s stock price dropped 2% during mid-day trading on Thursday . The company traded as low as $1.4350 and last traded at $1.50. Approximately 23,862 shares changed hands during trading, an increase of 41% from the average daily volume of 16,873 shares. The stock had previously closed at $1.53.

Wall Street Analysts Forecast Growth

EZGO has been the topic of a number of analyst reports. Weiss Ratings lowered shares of EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

EZGO Technologies Trading Down 2.0%

The company has a current ratio of 3.21, a quick ratio of 3.18 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average is $1.37 and its 200-day moving average is $2.11.

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.