EZGO Technologies (NASDAQ:EZGO) Trading Down 5.7% – Should You Sell?

EZGO Technologies Ltd. (NASDAQ:EZGO) fell 5.7% during mid-day trading on Monday . The company traded as low as $2.12 and last traded at $2.15. 56,584 shares changed hands during trading, a decline of 55% from the average session volume of 124,401 shares. The stock had previously closed at $2.28.

Analyst Ratings Changes

EZGO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of EZGO Technologies to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of EZGO Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

EZGO Technologies Stock Performance

The company’s fifty day simple moving average is $3.32 and its 200 day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 1.85.

EZGO Technologies Company Profile

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.