EZGO Technologies (NASDAQ:EZGO) Stock Set to Reverse Split on Tuesday, May 19th

EZGO Technologies Ltd. (NASDAQ:EZGO)’s stock is set to reverse split on Tuesday, May 19th. The 1-150 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, May 18th.

EZGO Technologies Trading Down 32.6%

EZGO stock traded down $0.01 during midday trading on Friday, reaching $0.02. 257,535,134 shares of the company were exchanged, compared to its average volume of 101,749,824. 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 business has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $1.86. EZGO Technologies has a one year low of $0.02 and a one year high of $17.24.

Analyst Ratings Changes

A number of research firms have commented on EZGO. Weiss Ratings raised shares of EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, May 7th. Wall Street Zen cut shares of EZGO Technologies from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, EZGO Technologies has a consensus rating of “Sell”.

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.