Nano Labs (NASDAQ:NA) Trading Down 0.9% – Here’s Why

Nano Labs Ltd (NASDAQ:NAGet Free Report) shares traded down 0.9% on Friday . The stock traded as low as $3.66 and last traded at $3.67. 38,485 shares were traded during mid-day trading, a decline of 37% from the average session volume of 61,147 shares. The stock had previously closed at $3.70.

Nano Labs Stock Performance

The company’s 50-day moving average is $4.42 and its 200-day moving average is $6.23. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 7.31.

Nano Labs Company Profile

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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.

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