EZGO Technologies (NASDAQ:EZGO) Shares Down 2% – Time to Sell?

EZGO Technologies Ltd. (NASDAQ:EZGO) shares were down 2% during trading on Thursday . The stock traded as low as $1.4350 and last traded at $1.50. Approximately 23,862 shares were traded 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

Several research analysts have recently weighed in on the company. Wall Street Zen cut EZGO Technologies from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded EZGO Technologies from a “sell (e+)” rating to a “sell (e)” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, EZGO Technologies currently has an average rating of “Sell”.

EZGO Technologies Trading Up 4.0%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.18 and a current ratio of 3.21. The firm has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $2.11.

About EZGO Technologies

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.