EZGO Technologies (NASDAQ:EZGO) Announces Quarterly Earnings Results

EZGO Technologies (NASDAQ:EZGO) issued its earnings results on Friday. The company reported ($26.49) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $3.18 million for the quarter.

EZGO Technologies Price Performance

NASDAQ:EZGO traded down $0.08 during mid-day trading on Friday, reaching $1.15. The company’s stock had a trading volume of 73,509 shares, compared to its average volume of 140,611. The firm’s fifty day moving average price is $1.22 and its two-hundred day moving average price is $108.25. EZGO Technologies has a 12-month low of $0.88 and a 12-month high of $1,811.25.

Analysts Set New Price Targets

Several brokerages recently weighed in on EZGO. Wall Street Zen raised shares of EZGO Technologies to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded EZGO Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.