Lobo EV Technologies Ltd. (NASDAQ:LOBO – Get Free Report)’s stock price dropped 8.9% during mid-day trading on Friday . The company traded as low as 2.10 and last traded at 2.16. Approximately 20,700 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 43,032 shares. The stock had previously closed at 2.37.
Lobo EV Technologies Price Performance
The firm’s 50-day simple moving average is 2.29 and its 200 day simple moving average is 2.52. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.74 and a current ratio of 1.31.
Lobo EV Technologies Company Profile
Lobo EV Technologies Ltd. designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles in the People’s Republic of China. The company operates through two segments, Electric Vehicles and Accessories Sales, and Software Royalties and Development and Design Services.
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