Lobo EV Technologies (NASDAQ:LOBO) Lowered to Sell Rating by Wall Street Zen

Lobo EV Technologies (NASDAQ:LOBO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.

Lobo EV Technologies Price Performance

Shares of NASDAQ LOBO opened at $0.5452 on Friday. The company has a current ratio of 1.52, a quick ratio of 0.91 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $0.57 and its 200-day moving average price is $0.85. Lobo EV Technologies has a fifty-two week low of $0.3530 and a fifty-two week high of $3.52.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lobo EV Technologies stock. Citadel Advisors LLC acquired a new position in Lobo EV Technologies Ltd (NASDAQ:LOBO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,384 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.21% of Lobo EV Technologies as of its most recent SEC filing.

About Lobo EV Technologies

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.