Nano Labs (NASDAQ:NA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Nano Labs (NASDAQ:NA) to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Labs in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Nano Labs Trading Up 5.0%

Shares of Nano Labs stock opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.03 and a current ratio of 2.09. Nano Labs has a 12-month low of $1.58 and a 12-month high of $31.48. The firm’s 50 day simple moving average is $2.67 and its two-hundred day simple moving average is $3.27.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in shares of Nano Labs by 91,223.6% in the third quarter. Smartleaf Asset Management LLC now owns 780,817 shares of the company’s stock worth $4,060,000 after acquiring an additional 779,962 shares during the period. Jane Street Group LLC acquired a new stake in shares of Nano Labs in the fourth quarter worth $89,000. Vontobel Holding Ltd. increased its stake in shares of Nano Labs by 9.3% in the fourth quarter. Vontobel Holding Ltd. now owns 51,045 shares of the company’s stock worth $161,000 after acquiring an additional 4,364 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Nano Labs by 40.9% in the fourth quarter. XTX Topco Ltd now owns 36,641 shares of the company’s stock worth $115,000 after acquiring an additional 10,638 shares during the period. Institutional investors and hedge funds own 50.68% of the company’s stock.

Nano Labs Company Profile

Nano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. It develops high throughput computing and high-performance computing chips. The company also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology. In addition, it engages in the research and development of software. Its customers include enterprises and individual buyers.