Lobo EV Technologies (NASDAQ:LOBO) Shares Scheduled to Reverse Split on Tuesday, November 17th

Lobo EV Technologies Ltd (NASDAQ:LOBO)’s stock is scheduled to reverse split on the morning of Tuesday, November 17th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 16th.

Lobo EV Technologies Stock Performance

Shares of NASDAQ:LOBO traded down $0.03 during midday trading on Friday, hitting $0.33. 136,837 shares of the stock traded hands, compared to its average volume of 49,062. The business’s 50 day moving average is $0.49 and its two-hundred day moving average is $0.60. Lobo EV Technologies has a one year low of $0.33 and a one year high of $1.48.

Lobo EV Technologies (NASDAQ:LOBO) last posted its earnings results on Saturday, September 19th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $7.29 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Lobo EV Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Lobo EV Technologies

Lobo EV Technologies Limited is a China-based manufacturer of electric vehicles and related mobility products. The company focuses on the research, development, production and sale of low-speed electric vehicles designed for personal transportation and short-distance mobility. Its product offerings include electric bicycles, electric tricycles, electric scooters and other electric-powered vehicles. Lobo also provides related components and accessories for its vehicles, supporting customers in a range of transportation and utility applications.